Sentences with phrase «fossil fuel assets in»

And you then don't have to tell these countries to leave their fossil fuel assets in the ground.

But having divested most of the family's fossil fuel assets in the late 1990s to set up private conglomerate Coril Holdings Ltd., Ron may not have been feeling the same pain as those in the audience.

Not exact matches

For a start, the Exxon Mobil and Chevron Climate Reports assume that governments won't succeed in meeting their Paris Agreement commitments, resulting in financial outlooks that leave them free to sell all their fossil fuel assets.

Over a year which has seen large banks halt funding for fossil fuel projects, major institutions divest from oil, gas and coal holdings, and oil companies snap up power and renewables companies in a bid to diversify their asset base, research published today by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration suggests nervousness over climate risk has shot up in financial circles.

This means it is willing to admit that some of its fossil fuel assets — possibly including the spanking $ 13 billion Kearl tar sands project in Northern Alberta — could be wiped off its books if governments start taking action on climate change.»

A small but growing number of countries now have legal requirements for institutional investors to report on how their investment policies and performance are affected by environmental factors, including South Africa and, prospectively, the EU.36 Concern about the risks of a «carbon bubble» — that highly valued fossil fuel assets and investments could be devalued or «stranded» under future, more stringent climate policies — prompted G20 Finance Ministers and Central Bank Governors in April 2015 to ask the Financial Stability Board in Basel to convene an inquiry into how the financial sector can take account of climate - related issues.37

Gov. Andrew Cuomo is proposing that the massive state Common Retirement Fund stop new investments of pension assets in companies connected to fossil fuels.

ALBANY — Gov. Andrew M. Cuomo is proposing that the massive state Common Retirement Fund stop new investments of pension assets in companies connected to fossil fuels.

Amalgamated, a left - leaning bank with roots in the labor movement that manages more than $ 40 billion in assets under management, said it would adopt new policies about lowering its exposure to the fossil fuel industry in its own investments and its loans.

Adopt a goal of requiring, or persuading, fossil fuel companies to disclose in their 10Ks and other filings the amount of carbon held for ultimate release on the asset side of their balance sheets, and the range of possible outcomes to their business if some of those assets are stranded.

Others have been scattered: The fossil - fuel divestment campaign we launched in 2012 has been active on every continent, incorporated a wide variety of tactics, and has become the largest anticorporate campaign of its kind in history, triggering the full or partial divestment of endowments and portfolios with nearly $ 5 trillion in assets.

The oil price collapse, which follows a drop in global coal prices, shows that the global fossil fuel sector is presently one of the world's riskiest asset classes.

At the United Nations COP21 climate conference of 2015, RBF was touting a new report that investors across the world with $ 3.4 trillion in assets have pledged to divest from fossil fuel companies.

This paper is designed to assist the TCFD members in assessing the «carbon bubble» concept and «stranded asset» risks inherent in the business - as - usual strategies of many fossil fuel companies.

In its response, Exxon denied that global society possesses the will to keep temperatures from increasing by more than two degrees Celsius, and therefore none of the fossil fuel reserves currently counted as assets will be left unburned.

In the event that politicians start to act with serious risk management against increasingly devastating climate impacts, the fossil fuel assets then

The markets today are in a carbon bubble, because they ignore future stranded fossil fuel assets.

In the case of fossil fuels, the carbon bubble effect due to stranded assets has motivated some divestment activity, in addition to the ethical / survival concerns over increasingly serious climate impacts due to fossil fuels consumptioIn the case of fossil fuels, the carbon bubble effect due to stranded assets has motivated some divestment activity, in addition to the ethical / survival concerns over increasingly serious climate impacts due to fossil fuels consumptioin addition to the ethical / survival concerns over increasingly serious climate impacts due to fossil fuels consumption.

Once the financial impact of stranded assets are factored in, the carbon bubble will collapse with large financial consequences for fossil fuel companies and their owners.

The combination of needing to limit carbon dioxide emissions and having fossil fuel companies that are valued by their proven reserves is what Carbon Tracker, a non-profit organization, is calling the «Carbon Bubble» in their new report, «Unburnable carbon 2013: Wasted capital and stranded assets.»

Fossil fuel subsidies also increase the risk of investing in stranded assets, which need to be replaced before the end of their lifetime.

He announced that in 2015 the Bank of England's Finance Policy Committee would investigate whether risks to the value of «unburnable» fossil fuels assets could undermine financial stability in the way that sub-prime mortgages crashed the global economy in 2008.

Third, sociopolitical pressures (e.g., fossil - fuel divestment campaigns, environmental advocacy, grass - roots protests and changing public opinion) could create an environment in which carbon - intensive businesses could lose their «license to operate,» thereby stranding assets.

As such, investors can strand fossil - fuel energy assets today, or absorb the cost of inaction by causing a much larger stranding across industries and asset classes in the future.

The assertion of a carbon bubble in fossil fuel assets ultimately depends on investor ignorance of climate - response risks, presumably because companies haven't quantified those risks for them.

Given the strictures on shareholder proposals, it's common for investor advocates to push not for specific changes, but for analyses of risk: asking companies to publicly measure their greenhouse gas emissions, to analyze the environmental impact of their global supply chains, or, in a strategy pioneered last year, to quantify their exposure to «stranded assets,» such as fossil fuel reserves that would exceed the world carbon budget.

In a world where carbon emissions will increasingly have to be constrained, coal, as the dirtiest of the fossil fuels, is the energy asset most vulnerable to becoming «stranded» — the most vulnerable, in other words, to seeing its market value collapse well ahead of its previously anticipated useful lifIn a world where carbon emissions will increasingly have to be constrained, coal, as the dirtiest of the fossil fuels, is the energy asset most vulnerable to becoming «stranded» — the most vulnerable, in other words, to seeing its market value collapse well ahead of its previously anticipated useful lifin other words, to seeing its market value collapse well ahead of its previously anticipated useful life.

A group of 17 philanthropic groups including the Wallace Global Fund and John Merck Fund with a combined asset base of about $ 1.8 billion has vowed to divest from fossil - fuel companies and invest in clean - energy technology.

«Carbon Tracker has done so much to bring climate change into mainstream investor thinking and make financial markets aware of stranded asset risk in the fossil fuel industry.

According to IRENA's analysis, the risk of stranded assets is highest for the building sector: in its assessment of stranded assets, IRENA includes the construction value that would be lost due to the needed future renovation of building stock to avoid it relying on fossil fuels.

American ice cream maker Ben & Jerry's has partnered with climate activism group 350.org Australia to launch a campaign to freeze fossil fuels investments, by encouraging Australians to lobby their local governing bodies to ensure that none of its assets are in coal, oil and gas.

The financial think - tank says the fate of US coal should serve as a warning to investors in other fossil fuel markets worldwide who fail to prudently read a structural shift away from hydrocarbons and blindly continue to invest in assets that are in increasingly in danger of becoming stranded.

The survey responses predict a decline in asset values based on damage to company reputations, litigation losses, and regulation to curtail «fossil fuel pollution.»

Says the report: «Increasingly, worldwide regulations are leaving fossil fuel investments as stranded assets with pension funds heeding the call to divest from fossil fuels and invest in green technologies.

It is no surprise that CCS is a technology favoured by fossil fuel companies; it extends the economic life of their assets in the ground, while providing them with a potential future source of revenue as they leverage their subsurface expertise.

Last fall I devoted a lengthy post to the notion that future policies to address climate change expose investors in companies producing fossil fuels to a bubble in asset valuations.

But the fossil fuel industry is far from abandoning its own interest in British waters as the energy giant BP has announced that it is to invest about # 670m (US$ 1,040 m) to extend the life of its North Sea assets.

Stern said that far from reducing efforts to develop fossil fuels, the top 200 companies spent $ 674bn (# 441bn) in 2012 to find and exploit even more new resources, a sum equivalent to 1 % of global GDP, which could end up as «stranded» or valueless assets.

Scientists say the world is already behind the needed trajectory of emissions reduction to meet the Paris goal, and investments in more fossil fuel assets — scheduled to be in service for up to 40 years — could commit the world to see the most catastrophic consequences of climate change if they are not retired early.

If up to two thirds of fossil fuels can not be burned, investors in these projects risk being left with up to $ 2 trillion in «stranded assets», investments rendered valueless by a combination of rapid technological progress from renewables, more stringent climate policies and shifts in market sentiment.

Shell has previously dismissed those, such as Bank of England governor Mark Carney, who have warned that fossil fuel assets could become stranded and worthless in the face of climate action.

The fossil - fuel support policies that governments use include direct subsidies, intervention in markets in ways that affect costs or prices, assumption of a part of companies» financial risks, tax reductions or exemptions, and under — charging for the use of government — supplied goods, services or assets.

They are increasingly facing resistance from governments concerned about pollution and climate change; the United Nations is taking the position that fossil fuels must be put out of business over the next thirty years or so, which will reduce their revenues by hundreds of billions of dollars every year, and the simultaneous loss in stranded assets is calculated to be up to $ 100 trillion.

Not only will you have stranded assets in fossil fuels you will have «mass stranding of existing vehicles».

New York City is suing five of the largest oil companies over the billions of dollars it spends protecting the city from the effects of climate change, and it plans to divest its pension funds» $ 5 billion in assets involving fossil fuel producers, Mayor Bill de Blasio announced Wednesday.

De Blasio and City Comptroller Scott Stringer announced a «goal» to sell the assets that its five pension funds hold in companies that own reserves of fossil fuels within five years.

We have an agreement between every country in the world to have a dramatic shift away from the use of fossil fuels, and yet still fossil fuel companies dominate our stock exchanges, and on the basis that they're going to utilise all of the assets, all of those oil and gas reserves, which we absolutely can't burn.

Exclusionary offers a basket of companies that do not invest in a certain asset class, which is generally fossil fuels.

In light of Carbon Tracker's «Wasted capital and stranded assets» analysis and the scale of unburnable fossil fuel assets it revealed, there is a clear need for markets to become more «climate literate».

The analysis finds that expanding fossil fuel reserves does even more damage than putting the global climate in danger; exploration financing by the World Bank risks locking developing countries into loan commitments for resources that will likely become stranded assets if policies are implemented to meet agreed climate goals.