Vanguard

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

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

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
, , and

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 […]

In Achieving 100% Renewable Energy Milestone at Offices, Stores and Data Centers, Apple Inc. Now Looks to Its Manufacturing Chain

Wall Street Journal: Apple Inc. said Monday that it has achieved a decade-old goal of having its facilities world-wide powered exclusively by renewable energy, an achievement that will shift the company’s sustainability efforts to its supply chain, where about 10% of suppliers have made a similar commitment. The tech giant said it has improved to […]

April 11, 2018 Read More →

Big Investors Continue to Press for Climate-Risk Transparency Across Oil and Gas Industry

S&P Global Market Intelligence ($): Investors concerned about environmental issues hope big fund managers, such as Vanguard Group Inc. and BlackRock Inc., will continue to push oil and gas companies to make plans for a carbon-constrained future, even after a decision by SEC staff that has dampened the momentum of such shareholder motions. Sixteen oil […]

April 5, 2018 Read More →

State Street Corp., With $2.6 Trillion in Assets, Calls for Companies to Disclose Climate-Change Risk

E&E: One of the world’s biggest investment firms is pressing companies to think seriously about the risks of climate change and explain how they manage those threats. In a recent research note, a division of State Street Corp. urged companies in sectors exposed to climate change and carbon regulations — like oil and gas firms, […]

August 25, 2017 Read More →

Vanguard, Biggest U.S. Mutual Fund, Will Monitor Climate Risk Across Its Holdings

Reuters: Vanguard Group on Monday said it has urged companies to disclose how climate change could affect their business and asset valuations, reflecting how the environment has become a priority for the investment industry. Under pressure from investors, Vanguard and other fund companies have pushed to pass several high-profile shareholder resolutions on climate risk at […]

August 15, 2017 Read More →

BlackRock and Vanguard Consider Pressing Exxon to Disclose Climate Risk

Wall Street Journal: BlackRock Inc. and Vanguard Group are weighing a vote in favor of an investor proposal that would seek to pressure the oil giant to conduct a climate “stress test” to measure how regulations to reduce greenhouse gases and new energy technologies could impact the value of its oil assets, the people said. […]

May 25, 2017 Read More →
IEEFA Conference: China and India Are at the Vanguard of the Global Electricity-Generation Transition

IEEFA Conference: China and India Are at the Vanguard of the Global Electricity-Generation Transition

The World’s Two Most Populous Countries Are Embracing Renewables

China’s declining reliance on coal will very likely continue as a result of central-government policies aimed at expanding the country’s move toward cleaner fuels. Panelists at IEEFA’s Energy Finance 2017 conference in New York today said financiers and energy companies alike will be encouraged to keep coal-fired electricity generation from growing—and indeed to push its […]

IEEFA Energy Swamp Watch: The Puerto Rico Electric Power Authority Would Starve Its Electric Grid to Pay Its Bondholders

IEEFA Energy Swamp Watch: The Puerto Rico Electric Power Authority Would Starve Its Electric Grid to Pay Its Bondholders

Peculiarities in a Proposed Debt-Restructuring Deal That Aims Only to Please Off-Island Interests

This blog starts a series we’re calling the IEEFA Energy Swamp Watch, in which we’ll describe the imprudence in some of the unseemly, wasteful and abusive financial practices we run across in our research. Most of the questionable activity we see is within the bounds of law—which is not the same as being within the […]

December 14, 2016 Read More →