You are here: Home » Subject » Climate Risk
Climate Risk
More News and Commentary
IEEFA
S&P Global Market Intelligence ($): Like many of its European rivals, Total SE has signaled a major boost in spending on renewable energy in the coming years as part of its strategy to shift to cleaner, lower-carbon fuels. The company plans to hold its oil and gas production flat in 2021, the French energy major […]
IEEFA
Reuters: Japanese trading houses are speeding up their efforts to shift away from coal and other fossil fuel assets amid a growing decarbonisation push worldwide and to match an ambitious pledge by government of becoming a carbon neutral by 2050. The move comes as the trading houses are re-thinking their long-term strategies around upstream investment, […]
IEEFA
Bloomberg: Coal is on track to disappear from the U.S. power grid by 2033 as the push for a carbon-free electricity system gains strength, according to Morgan Stanley. The fossil fuel will be supplanted largely by renewables, which will supply 39% of U.S. electricity in 2030 and 55% in 2035, according to a report Monday […]
Christina Ng
Energy giant CHG's coal power business faces numerous challenges
China Huaneng Group Co. Ltd (CHG) is one of the biggest coal power businesses in the world with over 100 gigawatts (GW) of coal-fired power capacity. Like many of its Chinese peers, CHG is also cash hungry. The company has been actively raising new debt including a USD 500 million perpetual bond in December 2020 […]
Simon Nicholas
The security situation has worsened, and developers face major challenges amid growing investor ESG concerns
French oil and gas company Total is facing increased security concerns at its US$20 billion Mozambique LNG project. The company has been removing staff from the project site as a three-year old Islamist militant insurgency in the northern province of Cabo Delgado escalates further. Total’s Mozambique LNG is one of two projects located on the […]
IEEFA
S&P Global Market Intelligence ($): Enel SpA is planning to entirely phase out natural gas from its portfolio as it shoots for a net-zero emissions target, arguing that technology to capture carbon has proven to be a bad bet in energy companies’ quest to decarbonize. “We have a net-zero target for 2050. That’s clearly a […]
IEEFA
Bloomberg: Aviva Investors, one of Britain’s top asset managers, will divest from oil, gas, mining, and utilities companies that do not meet its expectations on tackling climate change. The London-based investor has written to the companies, calling on them to set net zero emissions goals and integrate climate risks into their strategy, including their plans […]
IEEFA
Thomson Reuters Foundation: The United States will produce a plan to end international financing for fossil fuel projects, its special climate envoy John Kerry said Wednesday, as senior British and U.N. officials urged donor nations to meet a flagship climate finance promise. Speaking at an online panel organised by the World Economic Forum, Kerry said […]
IEEFA
Bloomberg: Big Oil suffered a fresh setback after one of the most influential rating companies warned it may cut the credit score of Exxon Mobil Corp., Royal Dutch Shell Plc and a plethora of other major energy companies due to “greater industry risk” associated with climate change. The move by S&P Global Ratings comes as […]
IEEFA
Pensions and Investments: Two of the five pension funds in the New York City Retirement Systems will divest an estimated $4 billion in securities related to fossil fuel companies, city officials said Monday. Boards of the $77.4 billion New York City Employees’ Retirement System and the $91.4 billion New York City Teachers’ Retirement System voted […]
IEEFA: European gas pipeline companies mislead investors by underreporting CO2
Reporting loophole means midstream operators aren't following the same guidelines as upstream or downstream sellersDecember 14, 2020 (IEEFA) — European pipeline companies are using a loophole to market themselves as low-carbon businesses and avoid reporting on the climate effects of the natural gas they transport, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Hiding in Plain Sight—European Gas Pipeline Companies’ […]