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IEEFA: AIA too important to lag global insurers in coal investment, divestment, and exclusion

IEEFA: AIA too important to lag global insurers in coal investment, divestment, and exclusion

AIA must back their climate pledges

21 December 2020 (IEEFA Asia): Major insurer AIA still holds anywhere between US $4 – 6 billion in coal and coal-fired power assets that if stranded will massively reduce wealth for investors and despite pledging its commitment to three significant global climate accords according to a new report by the Institute for Energy Economics and […]

and December 21, 2020 Read More →

IEEFA U.S.: Fracking companies in Appalachia struggle financially

Turbulence and desperation are roiling the struggling industry

July 17, 2019 (IEEFA)  ̶  Differences among leaders at EQT, the nation’s largest independent producer of natural gas, highlight the dilemma faced by those looking to drill, drill, drill versus those seeking to rely on traditional supply-and-demand strategies. Neither approach offers much promise, according to a briefing note released today by the Institute for Energy […]

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French central bank to exit coal sector, limit gas and oil investments

Reuters: The French central bank said on Monday it would exit from coal and limit exposure to gas and oil in its investment portfolio by 2024 as part of a shift towards more environmentally friendly assets. Many central banks have committed to green up their investment portfolios as part of a push to encourage the […]

January 19, 2021 Read More →

Investors pressure HSBC to take stronger action to phase out coal financing

The Guardian: HSBC could be forced to slash its exposure to fossil fuels – starting with coal – from next year, after an influential group of investors filed a shareholder vote urging the bank to ramp up its climate commitments. Fifteen pension and investment funds are pushing HSBC to reduce the loans and underwriting services […]

January 11, 2021 Read More →
IEEFA: After a terrible 2020, the oil industry’s story has turned political
and

IEEFA: After a terrible 2020, the oil industry’s story has turned political

For 2021, expect conflict and infighting to further muddy the industry’s prospects

It was a dismal year for oil and gas. As the pandemic sucked the wind from the sails of the global economy, oil demand slumped, stockpiles swelled, prices sagged, capital spending collapsed, debt ballooned, profits evaporated, and bankruptcies skyrocketed. After this torrent of bad news, the energy sector ended the year in last place in […]

IEEFA: NYS Comptroller DiNapoli’s bold divestment plan may inspire investors to follow suit

Divestment option should be emulated by other major funds

New York State Comptroller Thomas P. DiNapoli, who heads one of the largest public pension funds in the U.S., concluded 2020 with a bold investment decision on fossil fuels. He will hold the entire industry to higher standards regarding climate change and establish broader scrutiny of a pension portfolio with holdings that span the entire economy in a […]

January 7, 2021 Read More →
IEEFA: AIA too important to lag global insurers in coal investment, divestment, and exclusion
and

IEEFA: AIA too important to lag global insurers in coal investment, divestment, and exclusion

AIA must back their climate pledges

21 December 2020 (IEEFA Asia): Major insurer AIA still holds anywhere between US $4 – 6 billion in coal and coal-fired power assets that if stranded will massively reduce wealth for investors and despite pledging its commitment to three significant global climate accords according to a new report by the Institute for Energy Economics and […]

and December 21, 2020 Read More →

Rockefeller Foundation to divest fossil fuel holdings from $5 billion endowment

CNN: The Rockefeller Foundation, a 107-year-old philanthropy built by oil tycoon John D. Rockefeller, is breaking up with fossil fuels in an effort to save the planet. Beyond pledging to dump its fossil fuel holdings, the $5 billion endowment is also promising not to make any new investments in the beleaguered sector. The moves make […]

December 18, 2020 Read More →

New York’s state pension fund to divest most fossil fuel stocks in coming five years

The New York Times: New York State’s pension fund, one of the world’s largest and most influential investors, will drop many of its fossil fuel stocks in the next five years and sell its shares in other companies that contribute to global warming by 2040, the state comptroller said on Wednesday. With $226 billion in […]

December 9, 2020 Read More →

Investors, activists continue efforts to stop South Korean funding for new Vietnam coal plant

The Straits Times: Pressure is mounting on South Korea to exit a multimillion-dollar coal project in Vietnam, with a consortium of 21 European investors being the latest to raise objections to the country’s decision to invest in coal overseas while pursuing a low-carbon initiative back home. Green activists are already up in arms over what […]

October 27, 2020 Read More →

Investors managing $5 trillion commit to major carbon reductions across portfolios

Reuters: Thirty of the world’s largest investors managing a combined $5 trillion said on Tuesday they plan to set targets to lower their portfolio carbon emissions by as much as 29% over the next five years. All members of the Net-Zero Asset Owner Alliance, a group which includes the biggest U.S. pension scheme CalPERs and […]

October 14, 2020 Read More →

BlackRock backs resolution that would have forced early closure of AGL coal plants in Australia

The Sydney Morning Herald: BlackRock, the world’s largest asset manager, has thrown its support behind a push for Australian energy giant AGL to bring forward the closure dates of its remaining coal-fired power stations. AGL faced an investor revolt on Wednesday, as more than 20 per cent of the company’s shareholders backed a resolution for […]

October 8, 2020 Read More →