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Overlooking ESG breaches fiduciary duty, says Generation
20 May 2015The former vice-president of the US, Al Gore, has condemned investors that disregard the stranded assets debate as "absurd", and his company is calling for sustainability assessments to be part of investors' fiduciary duty.
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France's Hollande welcomes green bonds, decarbonisation initiatives
20 May 2015French president Francois Hollande has hailed the importance of green bonds and portfolio decarbonisation initiatives in the run up to the UN climate change summit in December.
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Investors launch platform to showcase their climate change initiatives
20 May 2015A group of institutional investors, managing some $25 trillion, have launched an online platform to highlight the actions they are taking to curb climate change.
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Shell, Statoil commit to improving disclosure of climate change risks
20 May 2015Shareholders of Shell and Statoil have overwhelmingly passed resolutions committing the companies to improve disclosure of their climate change strategies and to aim for an 'A' rating in the CDP Leadership Performance Index.
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Climate change still not on investor radar despite rise of ESG, says Mercer
19 May 2015Climate change is still not taken seriously in investment strategies, despite a big jump in the number of pension funds considering environmental, social and governance (ESG) issues, says Mercer.
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Shell and Statoil next to face climate votes at AGM
15 May 2015Shell and Statoil will become the latest fossil fuel companies to address mounting shareholder concerns about climate change when they hold their annual general meetings (AGMs) next week.
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Paris climate summit to strengthen green bond market, says HSBC
12 May 2015The rapidly growing green bond market could receive a further boost from a strong climate change agreement in December, a report by HSBC's climate change centre has claimed.
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Most US university endowments 'not concerned' about stranded assets
08 May 2015Only a small percentage of US university endowments are worried about their holdings of fossil fuel stocks being negatively affected by regulations to curb climate change, according to a survey.
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Shale firms set for hard times in 2016 as oil hedges mature
06 May 2015Shale companies could feel the full force of the oil price slump next year as their hedges expire, according to the Carbon Tracker Initiative (CTI).
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Banks too slow to curb coal financing, say NGOs
05 May 2015Global financing for coal mining and coal-fired power generation remained unchanged last year at about $144 billion, despite the financial distress of leading coal miners and many banks increasing their support for renewable energy.