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IEEFA: Global investors are moving away from the massive climate-related risks associated with fossil fuels

IEEFA: Global investors are moving away from the massive climate-related risks associated with fossil fuels

Top debt and equity investors committed over $300 billion in 2020 into building renewable energy capacity

19 July 2021 (IEEFA Australia): Despite the economic disruption from COVID-19, top global debt and equity investors are continuing to drive capital into the renewable energy infrastructure sector due to its consistency in providing investment opportunities, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Global investors are accelerating their […]

IEEFA: Vanguard funds destroy shareholder wealth with US$290bn in fossil fuels creating a 5.6% performance drag

IEEFA: Vanguard funds destroy shareholder wealth with US$290bn in fossil fuels creating a 5.6% performance drag

A global laggard that has minimal transparency, is passive on climate, and is abrogating its fiduciary duty to best manage risk for investors

22 June 2021 (IEEFA Australia): Vanguard Group, the world’s second largest asset manager, is leaving its investors to face profound wealth destruction risks as the world’s largest investor in fossil fuels, all while insisting climate change is a priority for the company, finds a new report by the Institute for Energy Economics and Financial Analysis […]

IEEFA Japan: ¥26 billion loss on Australian coal power plant raises questions for Sumitomo and its investors

Sumitomo’s coal policies are lagging its trading house peers and the Japanese government

23 November 2020 (IEEFA Japan): As the government of Japan’s energy policy shifts significantly and Japanese trading houses exit coal projects overseas, Sumitomo Corporation continues to develop coal power projects and has seen its thermal coal output grow according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, […]

IEEFA: Renewables continue to break records despite COVID-19

IEEFA: Renewables continue to break records despite COVID-19

Solar costs continue to decline

8 June 2020 (IEEFA Australia): Despite the devastating impact of COVID-19, during the months of April and May, renewable energy continued to break records, according to the Institute for Energy Economics and Financial Analysis (IEEFA).  Most strikingly, April 2020 saw the Emirates Water and Electricity Company (EWEC) award a 1.5 gigawatt (GW) solar tender to […]

IEEFA Asia: Asian financial institutions also beginning to exit coal financing

Asia’s gradual exodus away from coal will eventually lead to a landslide

29 April 2020 (IEEFA Asia): Under the cover of COVID-19, Asian financial institutions and corporations have been stepping up and out of coal financing, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the last month alone, Japan’s two largest institutional banks, Sumitomo Mitsui Financial Group and Mizuho […]

IEEFA report: BlackRock’s fossil fuel investments wipe US$90 billion in massive investor value destruction

IEEFA report: BlackRock’s fossil fuel investments wipe US$90 billion in massive investor value destruction

Investors need to ask why

August 1, 2019 (IEEFA Asia Pacific)  ̶  BlackRock, the world’s largest fund manager with US$6.5 trillion of assets under management – bigger in value than the third largest economy in the world – continues to ignore the serious financial risks of putting money into fossil fuel-dependent companies, a new report has found. Produced by the […]

IEEFA report: GE made a massive bet on the future of natural gas and thermal coal, and lost

IEEFA report: GE made a massive bet on the future of natural gas and thermal coal, and lost

Investors lost hundreds of billions by GE’s misreading of the energy transition

June 6, 2019 (IEEFA U.S.) – Investors lost billions when the (once) most valuable company in the world, General Electric Company (GE) and its largest shareholders – BlackRock, Vanguard, State Street and Fidelity – misjudged the pace of the global energy transition and subsequent collapse of the gas turbine and thermal power construction market, a […]

More News and Commentary

BlackRock proxy climate votes against companies rose 502% in 2021

Bloomberg ($): BlackRock Inc. rejected almost five times more board directors at companies, including Berkshire Hathaway Inc. and Exxon Mobil Corp., during the recent proxy season because they failed to act on climate issues. The New York-based asset manager voted against 255 directors in the period ended June 30, up from 55 a year earlier, […]

July 21, 2021 Read More →
IEEFA: Global investors are moving away from the massive climate-related risks associated with fossil fuels
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IEEFA: Global investors are moving away from the massive climate-related risks associated with fossil fuels

Top debt and equity investors committed over $300 billion in 2020 into building renewable energy capacity

19 July 2021 (IEEFA Australia): Despite the economic disruption from COVID-19, top global debt and equity investors are continuing to drive capital into the renewable energy infrastructure sector due to its consistency in providing investment opportunities, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Global investors are accelerating their […]

High emerging market bond returns stifling green finance

Bloomberg ($):  Some of the finance world’s biggest climate champions may be undone by a relatively small part of their portfolios: emerging market debt. While many of the world’s poorest countries struggle with the economic devastation from Covid-19 and limited access to vaccines, some of the biggest asset managers and their clients continue to earn […]

July 2, 2021 Read More →
IEEFA Energy Finance 2021: Week two in review

IEEFA Energy Finance 2021: Week two in review

Petrochemicals, renewable energy, storage and financial markets

June 25, 2021 (IEEFA) ⎼ Energy experts, financial analysts, legal specialists, activists and journalists gathered online this week for the second and final week of IEEFA’s 2021 Energy Finance conference. Held remotely due to travel restrictions related to the coronavirus pandemic, experts highlighted the latest trends in the global energy transition. Recordings of the sessions […]

Adani finally strikes coal at Carmichael, “epitome of a stranded asset”

Renew Economy:  It’s official. After a decade of delays, protests and acrimonious debate, followed by two years of expensive construction work, Indian conglomerate Adani has finally got its hands on some actual Queensland coal. “It is wonderful that we have now struck coal,” David Boshoff, chief executive of Adani’s Australian mining operations, said on Thursday. […]

June 25, 2021 Read More →
IEEFA: Vanguard funds destroy shareholder wealth with US$290bn in fossil fuels creating a 5.6% performance drag
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IEEFA: Vanguard funds destroy shareholder wealth with US$290bn in fossil fuels creating a 5.6% performance drag

A global laggard that has minimal transparency, is passive on climate, and is abrogating its fiduciary duty to best manage risk for investors

22 June 2021 (IEEFA Australia): Vanguard Group, the world’s second largest asset manager, is leaving its investors to face profound wealth destruction risks as the world’s largest investor in fossil fuels, all while insisting climate change is a priority for the company, finds a new report by the Institute for Energy Economics and Financial Analysis […]

IEEFA: Global investment is racing to meet the IEA’s Net Zero by 2050 roadmap – how will this impact India?

IEEFA: Global investment is racing to meet the IEA’s Net Zero by 2050 roadmap – how will this impact India?

Global shift of funds away from fossil fuels is accelerating

The International Energy Agency’s (IEA) Net Zero Emissions (NZE) roadmap by 2050 is compatible with the Paris goal of restricting the temperature increase to below 1.5 degree Celsius. As per the NZE roadmap, the use of unabated fossil fuels declines sharply to just over a fifth of the total energy supply. More than two-thirds of […]

June 11, 2021 Read More →

Shale gas producers push ESG goals on investor calls

S&P Global Market Intelligence ($): Across the board, pure-play shale gas producers are increasingly talking about environmental, social and governance issues in analyst and investor calls, according to an S&P Global Market Intelligence analysis of company call transcripts. Shale gas producers are under pressure from their LNG export customers to deliver natural gas with lower […]

June 7, 2021 Read More →

State Bank of India balancing between BlackRock, coal demand

Bloomberg($): India’s biggest bank is caught between investors like Larry Fink and Narendra Modi. State Bank of India needs to finance coal projects to meet the Indian leader’s push to electrify more homes, yet it wants to back renewable projects to appease global money managers including Fink’s BlackRock Inc., Storebrand ASA and Amundi SA. For […]

June 3, 2021 Read More →

Black day for Big Oil as courts, investors hand losses to Exxon and Shell

Wall Street Journal ($): Exxon Mobil Corp. and Royal Dutch Shell suffered significant defeats Wednesday as environmental groups and activist investors step up pressure on the oil industry to address concerns about climate change. In a first-of-its-kind ruling, a Dutch court found that Shell is partially responsible for climate change, and ordered the company to […]

May 27, 2021 Read More →