Bloomberg attempts to quantify risk of 'stranded assets'
A tool to help investors and companies quantify the potential risk they face if fossil fuel assets become 'stranded' as a result of government action to combat climate change, has been launched by Bloomberg.
Carbon Tracker appoints senior lawyer as first CEO
Anthony Hobley, global head of sustainability and climate change at law firm Norton Rose Fulbright, is to become the first CEO of the Carbon Tracker Initiative.
Analysts warn of Keystone risk to investors
TransCanada's $5.3 billion Keystone XL pipeline, which has been proposed to carry oil from Canada's oil sands to the US Gulf Coast, is a risky proposition for investors, new research suggests.
Norway's $800bn 'oil fund' faces calls to change structure and divest from coal
Norway's $800 billion 'oil fund' could face a major shake-up of the way it implements its responsible investment strategy after a report recommended that politicians leave decisions on divestments to the country's central bank.
Pension savers urged to press funds for action on climate change
A campaign was launched today attempting to mobilise UK savers to demand that their pension funds take action on climate change amid warnings of 'stranded assets'.
$3trn investor coalition heaps 'stranded asset' pressure on fossil fuel firms
A coalition of investors worth $3 trillion has joined forces to write to 45 of the biggest oil and gas companies demanding how they are dealing with the threat of 'stranded assets'.
Vattenfall joins calls for 'EU carbon central bank'
The head of one of Europe's largest utilities has joined calls to set up a body regulating the supply of allowances in the continent's beleaguered emissions trading system.
A crisis looms
Jeremy Leggett's new book warns of turmoil ahead for the global energy and financial systems, but there is still hope for the longer-term future. His work is reviewed by Nick Robins
Accountants call for action on 'stranded assets'
Companies should measure the potential greenhouse gas (GHG) emissions stored within their fossil fuel reserves and account for them, according to Warren Allen, president of the International Federation of Accountants.
Stranded assets: the divestment debate
There are calls for investors to reduce their exposure to fossil fuel stocks amid fears that their valuations will slump if politicians make good on their climate promises. But is now the right time to divest? Two institutional investors with contrasting views spoke to Environmental Finance