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Shell shareholder resolution on carbon gets go-ahead from investors, BP set to follow
16 December 2014A shareholder resolution demanding that Shell report on its climate change strategy has attracted the 100 signatories it needs in order to be filed at the company's AGM, while a similar action against BP is on course to reach the same milestone.
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Companies' efforts to cut carbon have 'plateaued', finds CDP
12 December 2014Emissions reductions from some of the most carbon-intensive companies have "plateaued" over the past year, according to a report by the CDP.
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Norwegian wealth fund ponders fossil-fuel divestment, following report
04 December 2014Norway's sovereign wealth fund is considering divesting from the most carbon-intensive petrol and coal firms.
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Bank of England to step up stranded assets research
02 December 2014Bank of England governor Mark Carney plans to "deepen and widen" its inquiry into the debate around stranded fossil fuel assets.
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Pension firm divests NOK500m from coal but challenges 'stranded assets' theory
25 November 2014Norwegian pension giant KLP has dismissed the "stranded assets" debate, but still plans to divest from coal companies in favour of renewable energy.
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Investors welcome tighter GHG targets from US and China
12 November 2014Investors have welcomed new targets on greenhouse gas (GHG) emissions announced by China and the US in which China has, for the first time, committed to reduce its absolute level of emissions.
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$271bn of capital at risk in Canadian oil sands, says Carbon Tracker
04 November 2014Companies developing oil sands in Canada risk wasting $271 billion of capital on projects that would be uneconomic at an oil price below $95/barrel, the Carbon Tracker Initiative (CTI) has warned.
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Vattenfall mulls German coal sell-off after SEK23bn write-down
31 October 2014Vattenfall is considering selling its German lignite coal business after the utility took a SEK23.1 billion ($3.1 billion) write-down as its fossil fuel business struggled in a "difficult" European market.
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Four US banks veto Australian coal port
30 October 2014Four major US investment banks have ruled out investing in a $26.5 billion coal export project near the Great Barrier Reef, following in the footsteps of five European counterparts.
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Investors should move on stranded asset risk 'sooner rather than later', warns bank
28 October 2014Investors with a focus on sustainability should begin to take action to mitigate the threat of 'stranded fossil fuel assets' sooner rather than later, a bank research note has advised.