Posts Tagged ‘fossil fuel divestment’
Fossil Investment Could ‘Fully Finance’ Renewable Shift to 1.5°C
This article originally appeared in The Energy Mix on October 26, 2022. Redirecting $570 billion per year from planned oil and gas investments could “fully finance” wind and solar expansion to meet a 1.5°C target, showing that oil and gas development must be halted to keep global warming within safe limits, a new report concludes.…
Read MoreCaisse Invests Up to $474M in Japanese Renewables Firm
This article was originally published in The Energy Mix on October 26, 2022. The giant Caisse de dépôt et placement du Québec (CDPQ) is investing up to US$474 million, or 70 billion Japanese yen, in a company that got its start as a search for energy alternatives in the wake of the Fukushima nuclear disaster…
Read MoreCarbon emissions from energy to peak in 2025 in ‘historic turning point’, says IEA
This article was written by Jasper Jolly and originally published in The Guardian on October 27, 2022. Global carbon emissions from energy will peak in 2025 thanks to massively increased government spending on clean fuels in response to Russia’s invasion of Ukraine, according to analysis by the world’s leading energy organisation. The International Energy Agency (IEA) said that…
Read MoreChicago teachers fund to divest fossil fuels by end of 2027
This article was written by Rob Kozlowski and originally published in Pensions & Investments on October 21, 2022. Chicago Public School Teachers’ Pension & Retirement Fund plans to divest from fossil fuels by the end of 2027. The $11.5 billion pension fund’s board at its Oct. 20 meeting approved a new resolution seeking to engage with…
Read MoreTwo economies collide: Competition, conflict, and the financial case for fossil fuel divestment
A recent report written by Tom Sanzillo, Dan Cohn and Connor Chung published by the Institute for Energy Economics and Financial Analysis highlights how poorly fossil fuel stocks have done over the past decade. The report highlights the political influence behind continued fossil fuel presence despite the evergrowing ethical and financial argument in favour of…
Read MoreEmpty ESG Pledges Ensure Bonds Benefit Companies, Not the Planet
This article was written by Priscila Azevedo Rocha, Akshat Rathi, and Todd Gillespie and originally published in Bloomberg on October 4, 2022. Fashion giant Chanel, known for its iconic perfume and tweed suits, keeps up to date with changing tastes. These days that means showing consumers—and investors—that it’s doing its part to combat climate change.…
Read MorePrinceton moves to sever financial ties with fossil fuel companies
This article was written by Francesca Maglione and re-published in the IEEFA on September 30, 2022. Princeton University is moving to sever financial ties with fossil-fuel companies, including energy giants Exxon Mobil Corp. and Suncor Energy Inc., as the school distances itself from major greenhouse-gas emitters. The university’s endowment, the fourth-largest in the US, “will…
Read MoreA fine line’: Canada’s big banks have long stood by the oilpatch, but ESG pressures are changing things
This article was written by Barbara Shecter and originally published in the Financial Post on August 22, 2022. If you want to understand the sway Canada’s energy sector has historically held over the country’s big banks, you need only look back a few years to a controversy stirred up when Canadian Imperial Bank of Commerce…
Read MorePrivate Equity Should Take the Lead in Sustainability
This article was written by Robert G. Eccles, Vinay Shandal, David Young, and Benedicte Montogomery and originally published in Harvard Business Review in the July – August 2022 magazine. Despite their reputation in the 1980s as corporate raiders, most private-equity firms attempt to improve the performance of their portfolio companies through better corporate governance. Historically their business…
Read MoreHealth pensions must divest of fossil fuels
This article was written by Mike Apostol, Travis Frampton, Mike Kurz, and Magdalene Winterhoff and originally published in The Hamilton Spectator on July 7, 2022. Recently, 130 Australian health-care workers noisily walked away from their pension plan. Why would health-care workers walk away from a valuable retirement savings scheme? Because their pension fund, HESTA, still has billions…
Read More