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CalSTRS to sell remaining holdings in coal companies
12 June 2017The California State Teachers Retirement System (CalSTRS) has committed to sell all of its remaining shares in companies that produce coal for power generation by 1 July.
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North American electricity utilities trail European counterparts in transition to low-carbon economy
09 June 2017Electricity utilities are, on average, not reducing emissions fast enough to be in line with a scenario that would limit climate change to the Paris Agreement's 2°C target, a Transition Pathway Initiative (TPI) study has found.
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Transition Pathway Initiative grows to £3trn of AUM
09 June 2017New investors have joined the Transition Pathway Initiative (TPI), which can now claim to be supported by £3 trillion ($3.88 trillion) of assets.
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Devon shareholders reject climate resolution
08 June 2017Shareholders of US oil company Devon Energy have voted against a resolution calling on the company to do more to report on climate change at its annual general meeting (AGM).
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QE policy could increase risk of stranded assets, researchers warn
31 May 2017Purchases of corporate bonds by the European Central Bank (ECB) and the Bank of England, as part of their quantitative easing (QE) initiatives, could be adding to the risk of assets in the oil and gas sectors becoming 'stranded'.
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'Investment-grade' carbon pricing for power sector launched
25 May 2017CDP – formerly known as Carbon Disclosure Project – and low-carbon business coalition We Mean Business have partnered to create an "investment-grade" carbon pricing range for the power sector.
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US Bancorp to stop financing fossil fuel pipelines
22 May 2017US Bancorp, the second oldest charted bank in the US, will not invest in future oil and gas pipelines as part of a landmark new environmental policy.
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Using scenario analysis to mitigate climate risks
17 May 2017Climate scenario modelling has now moved beyond simple risk management to become a genuine strategic imperative, says Amine Bel Hadj Soulami
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Oil companies beginning to act on climate change, says report
15 May 2017Some of the largest global oil and gas companies such as Statoil, Eni and Total are beginning to act on climate change. However, laggards like ExxonMobil are considerably behind these companies, according to a report from major investors.
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Investors should vote against BP and Shell remuneration packages, says ShareAction
09 May 2017Pressure group ShareAction is calling on investors in BP and Royal Dutch Shell to vote against remuneration packages at the oil majors, which they believe incentivises high-risk fossil fuel strategies.