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 fossil fuel divestment. Sanzillo, Cohn, and Chung state that “from 2010 through the COVID-19 pandemic that began in early 2020, the energy sector faltered—lagging the Standard & Poor’s 500-stock index in eight of those years and placing last of all sectors in five”(2022). They also acknowledge that “the opponents of divestment made a simple case that divestment would lose money. It was not true then, and is less true now as hundreds of funds adopting various paths of divestment have maintained their investment targets” (Sanzillo, Cohn & Chung, 2022).

To read the report, click here.