Divestment

IEEFA Research

IEEFA Update: IEA, Still Behind the Curve, Nonetheless Indicates Rising Stranded-Asset Risk in Fossil-Fuel Holdings

A Not-So-Distant Future in Which Thermal-Fired Electricity Generation Declines Precipitously

The International Energy Agency, out with its annual energy-markets forecast, “World Energy Outlook 2016,” remains behind the curve but not as far behind as it was. A history of IEA underestimation of technology change has been partially remedied in this new report, but the agency’s solar and wind forecasts can at best be described still […]

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Case for Divesting Coal from the Norwegian Government Pension Fund Global

Case for Divesting Coal from the Norwegian Government Pension Fund Global By Tom Sanzillo, Director of Finance, Institute for Energy Economics and Financial Analysis View in Norwegian.

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Report – NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change

NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change (pdf)

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More News and Commentary

IEEFA Update: IEA, Still Behind the Curve, Nonetheless Indicates Rising Stranded-Asset Risk in Fossil-Fuel Holdings

A Not-So-Distant Future in Which Thermal-Fired Electricity Generation Declines Precipitously

The International Energy Agency, out with its annual energy-markets forecast, “World Energy Outlook 2016,” remains behind the curve but not as far behind as it was. A history of IEA underestimation of technology change has been partially remedied in this new report, but the agency’s solar and wind forecasts can at best be described still […]

Read More →

IEEFA Exxon: A Company in Need of More Accountability at the Top

As Directors Ponder CEO's Successor, Will They Seek a Much-Needed Change in Meeting Performance Standards?

ExxonMobil has been reducing its cash returns to investors over the past few years, a trend we highlighted in our report last week, “Red Flags on Exxon Mobil,” but has still paid out far more to investors than standard financial metrics would support.  Indeed, all indicators, including the company’s recent announcement that it will likely de-book […]

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Exxon Widens Its Fight Against Climate-Change Disclosures

David Hasemyer for InsideClimate News: Attorneys for ExxonMobil have revealed a plan to ratchet up pressure on state attorneys general who have vowed to hold Exxon and fossil fuel companies accountable for their conduct on climate change. Exxon attorney Theodore Wells told a New York judge that the company is working on deposing at least […]

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An Emerging Strategy for Challenging Questionable Energy Projects: Go After the Financiers

Hiroko Tabucchi for the New York Times: In early August, just as protesters from across the country descended on North Dakota to rally against an oil pipeline near the Standing Rock Sioux Reservation, some of the world’s biggest banks signed off on a $2.5 billion loan to help complete the sprawling project. Now, those banks […]

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‘Profit-Maximizing Capitalists’ See the Risks in Climate Change

Kathiann M. Kowalski for Midwest Energy News: As political discussions in the U.S. focus on the future of fossil fuel industries, an event in Ohio last week explored a future with no fossil fuels at all. The economy will shift away from fossil fuels anyway, speakers said, due to declining profitability in the face of […]

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Resistance, Still, to Acknowledging Climate Risk Among Major Fossil-Fuel Companies

John H. Cushman Jr. for InsideClimate News: A methodical review of the world’s dominant fossil fuel producers has documented their poor performance—in some cases, egregious failure— in taking responsibility for their emissions of greenhouse gases and moving effectively to confront climate change. “None of them has made a clean break from disinformation on climate science […]

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$900 Billion Norway Fund Drops Duke Energy, Citing Coal Risks

Gwladys Fouche for Reuters: Norway’s $900-billion wealth fund can no longer invest in Duke Energy, the biggest U.S. power firm by generation capacity, due to alleged breaches of environmental law at its coal-fired plants, Norway’s central bank said on Wednesday. The fund, which owns 1.3 percent of the world’s listed company equity with stakes in […]

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Rockefeller Fund, Built on Oil, in ‘Pivot’ to Renewables

Jessica Shankleman for Bloomberg News: The Rockefeller Brothers Fund, the foundation divesting from the fossil-fuel industry it helped create, took its first direct stake in a renewable energy company in a move meant to bolster the fight against climate change. The New York City-based fund, founded in 1940 with the profits of Standard Oil Co., […]

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IEEFA New York: NYC Pension Funds Begin to Craft a Fossil-Fuel Divestment Path Others Can Follow

As the Financial Rationale Grows, a Mechanism for Exercising Fiduciary Responsibility

A certain recent RFP from the New York City comptroller on behalf of the city’s pension funds could be the beginning of something big. It calls for a carbon footprint analysis of the funds’ holdings and advertises an opening for a climate-risk investment-strategy consultant. While the RFP is shrouded in pension-speak, its aim is clear: […]

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Fiduciary Risk in Energy-Sector Investments

Kathy Hipple for the Huffington Post: Under the new rules, brokers and advisors must put their clients’ interests ahead of their own interests, which have often included recommending investments with higher fees instead of comparable investments with low fees; and investments in such dying industries as coal. Some readers may be surprised that this rule […]

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