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Fossil fuels to suffer $34trn revenue cut if warming to be kept to 2°C
30 November 2015The fossil fuel industry will suffer a $34 trillion drop in revenues over the next 25 years if policies are brought in following the Paris climate summit to limit global warming to 2°C above pre-industrial levels, a report has warned.
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Carbon analyst Mark Lewis joins Barclays
30 November 2015Veteran carbon analyst and stranded assets expert Mark Lewis has taken up a new post, with Barclays.
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EF BRIEFS: SocGen, Barclays, Trina, Enel, GIB, Camco, Capital Stage, IIGCC, GE and Alstom
18 November 2015Societe Generale has adopted a climate policy ahead of the Paris climate summit that will see it pull out of some coal financing and double financing for renewables by 2020.
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Climate change to shave 0.5% a year off insurers' capital
16 November 2015Climate change threatens to have a negative impact on the capital position of insurers, by lowering investment income and increasing capital requirements for weather-related claims, Standard & Poor's (S&P) predicts.
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FSB calls for task force on climate risk disclosure
09 November 2015The Financial Stability Board (FSB) has called for the creation of an industry-led task force to work on the disclosure of climate-related risks.
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Two fossil fuel giants investigated over claims they lied over climate change
06 November 2015US oil giant ExxonMobil and Peabody Energy are being investigated by the New York state attorney-general over claims they lied to their shareholders and the public about climate change risk.
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EF BRIEFS: Downing, Lekela, Recurrent Energy, Enbridge, Climate Bonds Initiative, GRI, Global CCS Institute, IETA
06 November 2015London-based investment firm Downing will invest £20 million ($30 million) in biomass projects as part of a joint venture with developer Strand Energy.
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BlackRock warns on stranded assets
04 November 2015BlackRock has warned that companies with high-cost fossil fuel reserves are at risk of being devalued, adding that "climate change has arrived as an investment issue".
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60% of investors report stranded asset concerns, says EY
22 October 2015More than 60% of institutional investors are concerned about the risk of stranded assets, with almost a third slashing their holdings companies as a result, according to research from Ernst & Young (EY).
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Investors urged to question fossil fuel companies' demand assumptions
22 October 2015Coal, oil and gas companies' assumptions about future demand for fossil fuels are inconsistent with decarbonisation plans set out by 150 countries ahead of the forthcoming Paris climate change talks, a think-tank has warned.