Archive

  • Norwegian wealth fund ponders fossil-fuel divestment, following report

    04 December 2014

    Norway's sovereign wealth fund is considering divesting from the most carbon-intensive petrol and coal firms.

  • Bank of England to step up stranded assets research

    02 December 2014

    Bank of England governor Mark Carney plans to "deepen and widen" its inquiry into the debate around stranded fossil fuel assets.

  • Pension firm divests NOK500m from coal but challenges 'stranded assets' theory

    25 November 2014

    Norwegian pension giant KLP has dismissed the "stranded assets" debate, but still plans to divest from coal companies in favour of renewable energy.

  • Investors welcome tighter GHG targets from US and China

    12 November 2014

    Investors 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.

  • $271bn of capital at risk in Canadian oil sands, says Carbon Tracker

    04 November 2014

    Companies 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.

  • Vattenfall mulls German coal sell-off after SEK23bn write-down

    31 October 2014

    Vattenfall 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.

  • Four US banks veto Australian coal port

    30 October 2014

    Four 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.

  • Investors should move on stranded asset risk 'sooner rather than later', warns bank

    28 October 2014

    Investors 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.

  • AP2 divests from 20 'seriously risky' fossil-fuel companies

    20 October 2014

    The SEK265 billion fund is moving its money out of 20 firms – 12 in coal and eight in oil and gas production – following what it called a "comprehensive risk analysis" of its holdings.

  • MSCI launches indexes that reduce 'stranded asset' risk

    16 October 2014

    MSCI has added to its growing range of environmental indexes with two benchmarks that exclude companies with fossil-fuel reserves.