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IEEFA Research

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 U.S.: Colorado electric wholesaler is alienating cost-conscious co-ops with its fossil commitments

IEEFA U.S.: Colorado electric wholesaler is alienating cost-conscious co-ops with its fossil commitments

Tri-State currently plans using coal through 2050 and expanding into gas; projected rate increases of 55% by 2050

Nov. 17, 2020 (IEEFA) — One of the biggest power suppliers to rural electric co-ops in the U.S. is putting its business model at risk as members clamor for better access to renewable energy, more affordable rates, and more say in how they buy or produce power, concludes a report released today by the Institute […]

and November 17, 2020 Read More →
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

Norway oil bank exec warns fossil fuel divestment ‘dangerous’ for goals

Bloomberg ($):  The top banker in western Europe’s biggest oil producer says she’s ready to fight the growing number of activists pressuring her to stop funding the petroleum industry. Kjerstin Braathen, the chief executive of Norway’s biggest bank, DNB ASA, says fossil-fuel divestment and exclusion are “dangerous” ways to try to reduce carbon emissions. Her […]

June 29, 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 […]

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 U.S.: Colorado electric wholesaler is alienating cost-conscious co-ops with its fossil commitments
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IEEFA U.S.: Colorado electric wholesaler is alienating cost-conscious co-ops with its fossil commitments

Tri-State currently plans using coal through 2050 and expanding into gas; projected rate increases of 55% by 2050

Nov. 17, 2020 (IEEFA) — One of the biggest power suppliers to rural electric co-ops in the U.S. is putting its business model at risk as members clamor for better access to renewable energy, more affordable rates, and more say in how they buy or produce power, concludes a report released today by the Institute […]

and November 17, 2020 Read More →

U.K. approves Vattenfall’s plans for 1.8GW Norfolk Vanguard offshore wind farm

S&P Global Market Intelligence ($): Vattenfall AB secured development consent from the U.K. Secretary of State for Business, Energy, and Industrial Strategy, Alok Sharma, for its application to build the 1.8-GW Norfolk Vanguard offshore wind farm off the east coast of England. The wind farm is expected to power almost 2 million homes each year, […]

July 6, 2020 Read More →

Institutional investors joined exodus from U.S. oil and gas producers in first quarter

S&P Global Market Intelligence ($): As the stocks of oil and gas producers endured major selloffs in the first quarter, the sellers included a large number of institutional investors, with a number seeing declines of millions of shares, according to recent filings with the SEC. Occidental Petroleum Corp. saw a decline of 1.5% in institutional […]

June 1, 2020 Read More →
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IEEFA update: BlackRock decision on climate change‒it’s about business

BlackRock’s new sustainable investing products could make the world’s largest investment firm even larger

BlackRock’s recent decision to begin altering its companywide investment strategy and Aladdin portfolio system to more carefully create portfolios that are sensitive to the issue of climate risk and sustainability has drawn a lot of both praise and skepticism. All of the ensuing policy discussions are critically important: about investment policy, passive indexes, coal divestment, […]

IEEFA update: Capital flight from thermal coal is accelerating

Behind Blackrock’s grand exit from coal

Global capital flight from thermal coal and the coal-fired power sector is already at a canter in 2020. BlackRock’s January announcement of its divestment from thermal coal is huge, and an unexpected move by this global giant (US$7 trillion assets under management (AuM), given the asset manager’s entrenchment as a climate action laggard. At the […]

January 20, 2020 Read More →
IEEFA update: Oil and gas stocks place dead last in 2019, again, despite 30% price rise

IEEFA update: Oil and gas stocks place dead last in 2019, again, despite 30% price rise

Institutional investors remain committed to flailing energy sector

Rising oil prices couldn’t keep oil and gas stocks from underperforming again in 2019. Brent Crude Oil prices rose 28% and WTI oil prices rose 30% last year. Still, the energy sector placed dead last in the Standard & Poor’s 500 index, posting a 7.3% gain, while the index as a whole rose 29% for […]

January 9, 2020 Read More →

BlackRock and JPMorgan action does not match rhetoric on the environment

Business Insider France: Les grands gérants de fonds adoptent de plus en plus un discours favorable à la protection de l’environnement. Mais dans les faits, ils sont loin de se montrer toujours vertueux et d’appuyer les décisions en faveur du climat. L’organisation américaine Majority Action pointe du doigt cette contradiction, chez deux d’entre eux notamment, […]

October 11, 2019 Read More →