Archive

News round-up: Axa, Macquarie, NY State Retirement Fund, Ambienta

News Round Up: NY State Retirement Fund, Ambienta

S&P warns of oil & gas downgrades amid 'transition risks'

Ratings agency S&P has warned 13 oil and gas companies that they face a credit downgrade within weeks, citing risks associated with the transition to a low-carbon economy and competition from renewables.

Norwegian oil fund exits stakes in 12 firms on ESG concerns

The giant Norwegian oil fund has excluded a dozen companies from investment due to environmental, social, and governance (ESG) concerns, including mining giants such as Anglo American, Glencore and Vale in which it was a major shareholder.

PKA divests from five oil companies, considers 44 more

Danish Pension fund PKA has divested from five Canadian oil companies over concerns they are at risk of devaluation amid from attempts to tackle climate change.

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

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.