Archive

  • Storebrand makes 2026 pledge to ‘exit death spiral of coal’

    30 November 2018

    Storebrand Asset Management has revealed a path to full divestment from coal in eight years’ time, in a strategy it says is in line with the goal to restrict climate change to a maximum of 1.5°C above pre-industrial levels.

  • Majority of world’s largest pension funds neglect climate risk, says AODP

    10 September 2018

    Nearly two thirds of the world’s largest pension funds have little or no disclosed strategy on climate change, potentially putting them at risk of breaching their fiduciary duty to savers, according to a study by the Asset Owners Disclosure Project (AODP).

  • World’s largest sovereign wealth fund urged not to pursue divestment

    24 August 2018

    Divestment of the oil and gas stocks in the Government Pension Fund Global (GPFG) “is not an effective insurance against a permanent decline in oil prices” and the stocks only contribute marginally to Norway’s oil price risk, according to a committee set up to explore the issue.

  • Private sector lagging on climate disclosure, report claims

    17 August 2018

    Private sector asset owners tend to be less prepared than their public sector counterparts to make voluntary public statements and disclosures related to climate change, a report has claimed.

  • Norway's oil fund could start investing in unlisted renewables

    09 April 2018

    The world's largest sovereign wealth fund could be given licence to invest in unlisted renewables projects, following a vote by the ruling Conservative party.

  • Norway's wealth fund puts shipping and power under scrutiny

    12 March 2018

    The world's largest sovereign wealth fund is expected to expand its emissions exclusion criteria to cover more sectors.

  • Norway oil fund plots path to divestment

    16 February 2018

    Norway's finance ministry has set up an expert group to explore radical changes to the way it invests in energy stocks through its $1 trillion sovereign wealth fund, including abandoning investments in oil and gas companies.

  • 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.

  • Aegon backs out of coal and plans 'in-depth' assessment of climate risks

    26 May 2016

    Dutch insurer Aegon is the latest investor to divest from coal, citing concerns about stranded assets, and has committed to an in-depth assessment of its exposure to climate change risks.