Archive

  • 90% of Green Finance Summit participants vote for mandatory TCFD

    19 July 2018

    There was 90% support for making the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) mandatory within five years, according to a poll of the audience at the Green Finance Summit in London.

  • Investors wake up to collective engagement clout

    26 March 2018

    Climate-related resolutions at Exxon and Shell garnered the support of the world's largest investors. Now asset managers and owners are massing together to move entire sectors, writes Michael Hurley.

  • TPI hails watershed moment for investors in oil and gas

    21 March 2018

    A Transition Pathway Initiative (TPI) study of disclosures by Shell, Total and Petrobras can "fundamentally change the game" for investors hoping to pressure oil majors into reducing their carbon emissions.

  • Largest 200 clean energy companies best fossil fuel benchmark by 16%

    19 February 2018

    The world's 200 largest publicly listed companies by total clean energy revenues outperformed their industry benchmark by 16.4% over the last 18 months, according to the latest Carbon Clean 200 list.

  • New York City files to sue five oil majors, plans $5bn pension fossil fuel divestment

    11 January 2018

    New York City has filed a lawsuit against five oil majors for damages caused by climate change, and the city's pension funds intend to divest $5 billion from fossil fuel companies, as its mayor launched a blistering attack on the firms.

  • Trillion-dollar wealth fund to consider dropping oil and gas investment

    20 November 2017

    Norway's $1 trillion sovereign wealth fund is to consider divesting its holdings in oil and gas because of the risk fossil fuels pose to its portfolio.

  • UK pension scheme NEST divests £27.2m from high carbon companies

    11 September 2017

    The UK's national workplace pension provider has divested £27.2 million from companies that it deems are not adequately adapting to a low-carbon economy, including Exxon Mobil and Royal Dutch Shell, it has said.

  • Oil & gas companies risk $2.3trn in stranded assets

    21 June 2017

    $2.3 trillion of future upstream investments by 69 oil & gas companies is at risk of becoming stranded assets, according to a new report by Carbon Tracker Initiative and the Principles for Responsible Investment (PRI).

  • Devon shareholders reject climate resolution

    08 June 2017

    Shareholders of US oil company Devon Energy have voted against a resolution calling on the company to do more to report on climate change at its annual general meeting (AGM).

  • Shareholder climate success at Exxon

    31 May 2017

    A shareholder resolution calling for ExxonMobil to do more to tackle climate change received a significant majority, despite not being backed by the board.