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Divestment
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Simon Nicholas
As finance shifts from coal, China is looking isolated as the last enabler of coal-fired power overseas
A review of coal power proposals in countries with large remaining project pipelines indicates that 56% of the total capacity of these proposals is being supported by China. Historically just one of the major providers of finance to overseas coal power projects, China has more recently looked increasingly isolated as other nations and financial institutions […]
Trista Rose
It’s an (expensive) sorry tale when companies ignore shareholders and continue to invest in fossil fuels
22 July 2021 (IEEFA Australia): In failing to realise its early green ambition AGL Energy, one of Australia’s biggest electricity generators and retailers wiped over 70% off its market value in just four years, destroying A$12 billion in shareholder wealth, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]
Saurabh Trivedi, Tim Buckley and Press Release
Top debt and equity investors committed over $300 billion in 2020 into building renewable energy capacity
19 July 2021 (IEEFA Australia): Despite the economic disruption from COVID-19, top global debt and equity investors are continuing to drive capital into the renewable energy infrastructure sector due to its consistency in providing investment opportunities, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Global investors are accelerating their […]
IEEFA
Bloomberg ($): While more than 80% of the largest U.S. companies have set emissions reduction goals, less than half engaged with lawmakers to advocate for science-based climate policies — and more than 20% have lobbied against them, according to report released Tuesday by sustainability nonprofit Ceres. “Claiming credit for making operational climate change commitments while […]
IEEFA
Bloomberg ($): Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro ($707 billion) investment manager said in a statement Thursday that starting in December it will no longer invest in companies that derive more than 30% of their annual revenue from thermal coal extraction, […]
IEEFA
Bloomberg ($): A coalition of investors overseeing a combined $4.2 trillion of assets are asking the world’s biggest banks to take more aggressive action in addressing climate change and biodiversity decline. Aviva Investors, Fidelity International and M&G Investments were among 115 investors that wrote to 63 banks, including JPMorgan Chase & Co., Deutsche Bank AG […]
IEEFA
Bloomberg ($): 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 […]
IEEFA
Nikkei Asia ($): Mitsui & Co. will sell off its entire interest in an operator of Indonesian coal-fired power plants, the Japanese trading house said Tuesday, part of efforts to shrink the carbon footprint in the company’s portfolio. Mitsui agreed to sell its 45.5% stake in Paiton Energy to RH International (Singapore), a subsidiary of […]
Trista Rose, Tim Buckley, Melissa Brown and Press Release
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
Natural Gas Intelligence: Maine will no longer invest in companies with big oil and gas portfolios, making it the first state in the country to divest from the fossil fuel industry. Gov. Janet Mills last week signed into law a bill forbidding any state pension fund or annuity from making new investments in stocks or […]
IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders
With export markets' changing expectations, investors and industry beware31 March 2021 (IEEFA Australia): Santos’ proposed offshore Barossa gas field near Darwin, Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into LNG, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The gas contains so much CO2 that most of it […]