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IEEFA Research

IEEFA report: Fund trustees face growing fiduciary pressure to divest from fossil fuels

Oil, gas, and coal industries are seen as ‘increasingly speculative;’ Sector will continue to be weighed down by lackluster rewards and daunting risks; A ‘proper financial response’ is due

July 10, 2018 (IEEFA) — A paper published today by the Institute for Energy Economics and Financial Analysis details the growing rationale for divesting from the fossil fuel industry. The paper—“The Financial Case for Fossil Fuel Divestment”—is aimed primarily at trustees of investment funds that continue to hold stakes in a sector that is freighted […]

IEEFA Report: Indonesia’s State Power Company Continues to Lag Global Shift in Electricity Generation

IEEFA Report: Indonesia’s State Power Company Continues to Lag Global Shift in Electricity Generation

‘Sinking Under the Weight of a Flawed Planning Process That Lacks Crucial Insight Into Clean Energy Trends’

IEEFA — Indonesia’s national power company is perilously out of step with global trends in electricity generation even as it seeks a more than $1 billion infusion from international bond markets, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — “Perusahaan Listrik Negara (PLN): A Power Company […]

April 19, 2018 Read More →

IEEFA Report: U.K. Pension Funds Can Benefit Now From Renewables Infrastructure Play

Growth and Proven Returns in a Rapidly-Expanding Sector

Nov.15, 2017 — A new report by HSBC Global Asset Management and the Institute for Energy Economics and Financial Analysis (IEEFA) finds that U.K. pension funds can benefit now from investing in domestic and overseas renewable energy infrastructure. Commissioned by the City of London Corporation’s Green Finance Initiative, the report, “The Renewable Energy Infrastructure Investment […]

November 14, 2017 Read More →
IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

New Emissions Rules Loom Large Across EU; Gas-Fired Generation and Renewables Present Better Investment Opportunities; Major Utilities Are Out of Step With Markets

October 25, 2017 (IEEFA.org) — A research paper published today by the Institute for Energy Economics and Financial Analysis finds that plans by Enel Group’s Spanish-subsidiary Endesa to sink €400 million into upgrading three aging coal-fired plants is a likely loss-making proposition under new European Union emission-control rules. The report—“How European Utilities Can Capitalize on […]

October 26, 2017 Read More →

More News and Commentary

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IEEFA U.S.: More red flags on fracking-focused companies

As earnings season begins, a worrisome trend persists

The U.S. fracking sector continued to spill alarming volumes of red ink in the first half of 2018. We detail the trend in a research brief published jointly today by IEEFA and Sightline Institute that describes how fracking companies continue to struggle.  Even after two and a half years of rising oil prices and growing expectations […]

Investors push new CEO of GE to back renewables, storage

Washington Examiner: A group of environmentally focused investors and hedge fund managers is prodding General Electric’s new CEO Lawrence Culp to stave off further losses to the company’s earnings by shifting the manufacturing giant’s focus toward wind and solar energy. “As GE’s new CEO, you must make many difficult decisions,” reads a letter sent Friday […]

October 5, 2018 Read More →

HSBC: Investors see money to be made in green portfolios

Bloomberg: Make money first, save the planet second. Those are the reasons for most investors to get into green finance, according to HSBC Holdings Plc. Financial returns were cited as the biggest reason to have a strategy focused on the environment, social issues and governance, known as ESG, according to a survey of 868 institutional […]

September 13, 2018 Read More →
IEEFA update: Six real-world rebuttals to divestment naysayers
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IEEFA update: Six real-world rebuttals to divestment naysayers

A tendency among academics to overlook the burgeoning risk in fossil fuel holdings

Academic arguments against divesting from the oil and gas sector are just that—academic—and those who make them ignore the underperformance of the sector and the array of mounting risks it faces. The principal objections of divestment detractors—that divestment will either cause institutional investment funds to lose money or undermine their ability to meet their objectives—are […]

and September 12, 2018 Read More →

Report: Divestment campaigns gaining steam

The Guardian: The funds committed to fossil fuel divestment now total more than $6tn (£4.6tn), with almost 1,000 institutional investors having made the pledge, according to a new report. The sell-off of coal, oil and gas investments is led by the insurance industry, with $3tn of funds. But it also now includes the first nation […]

September 11, 2018 Read More →

Analysis: Renewable investments have walloped oil and gas over the past five years

S&P Global Market Intelligence ($): Renewable energy stocks have punched well above their weight over the past five years, an analysis by S&P Global Market Intelligence found, with the biggest players tripling in value in that period as oil and gas production company stocks held steady. An equally weighted basket of the 20 largest publicly […]

September 6, 2018 Read More →

Research finds fossil fuel divestment not a drag on investment returns

Quartz: Norway built a $1 trillion sovereign wealth fund on oil and gas revenues. Last year, however, the country’s central bank recommended that the fund divest the $35 billion worth of stocks it held in oil and gas companies like Shell, Total, BP, Chevron, and ExxonMobil. The move would make “the government’s wealth less vulnerable […]

August 29, 2018 Read More →

Investor group targets planned GE coal plant in Kenya

Thomson Reuters Foundation: A group of investors in U.S. conglomerate General Electric (GE) has publicly opposed its plans to buy a stake in a Kenyan coal-fired plant, claiming the project would damage the environment and undermine efforts to fight global warming. In a public letter to GE, nearly five dozen institutional and individual shareholders called […]

July 20, 2018 Read More →

Bankers turning toward green lending as climate risks rise

Bloomberg: Some of Europe’s largest banks are unveiling plans to lend and manage money in greener ways as pressure mounts to account for risks associated with climate change. “It is coming, it’s a trend that’s started,” said Louis Douady, head of corporate social responsibility at Natixis SA in Paris. “The intention is to adapt our […]

July 16, 2018 Read More →

IEEFA report: Fund trustees face growing fiduciary pressure to divest from fossil fuels

Oil, gas, and coal industries are seen as ‘increasingly speculative;’ Sector will continue to be weighed down by lackluster rewards and daunting risks; A ‘proper financial response’ is due

July 10, 2018 (IEEFA) — A paper published today by the Institute for Energy Economics and Financial Analysis details the growing rationale for divesting from the fossil fuel industry. The paper—“The Financial Case for Fossil Fuel Divestment”—is aimed primarily at trustees of investment funds that continue to hold stakes in a sector that is freighted […]