Sentences with phrase «from fossil fuel assets»

This hedging strategy will buffer the impact an extreme carbon risk event might have on a portfolio while potentially capturing the upside of the transition away from fossil fuel assets.

Not exact matches

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.

The results add weight to warnings from analysts that fossil fuel assets are at risk of losing their value and becoming «stranded» as the world transitions to cleaner energy sources.

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.

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.

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.

This sentiment has been ratified, sanctified and tallied by the political, moral and financial bellwethers of our time from Paris (195 countries committing to phase out fossil fuels this century) to the Vatican (the Pope's moral invocations to drastically reduce use of fossil fuels), to the Bank of England (governor Mark Carney's prudent warnings not to get stuck holding a bag of stranded fossil fuel assets).

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.

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.

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.

Jeremy Grantham, a billionaire fund manager who oversees $ 106bn of assets, said his company was on the verge of pulling out of all coal and unconventional fossil fuels, such as oil from tar sands.

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.

Other options include the transfer of IMF - created «special drawing rights» (reserve assets created by the International Monetary Fund that countries can exchange for hard currency) from rich to poorer countries, redirecting harmful fossil - fuel subsidies, reducing spending on ballooning military budgets, and taxing aviation and shipping.

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.

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.

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.

The argument for CCS is that if we can capture and sequester the emissions from these fossil fuel reserves, then we can tap them; we can deal with the climate crisis yet avoid these assets being stranded.

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.

A new opportunity, a source of local employment, increased income for the farmers who are hosting the wind turbines, a source of finance for community development and a local asset that can show the world that the people in this area are proud to be a part of the necessary change to renewable energy and away from the damaging use of fossil fuels.

Last year, he pledged to divest all his personal assets from fossil fuels (as well as his foundation's assets) because «we must transition to a clean energy economy that does not rely on fossil fuels.»

Capital flight from stranded assets across the fossil fuel sector is accelerating (Shares of Peabody Energy, the largest private - sector coal miner in the world, are now down 99.7 per cent over the.

Recent reports from Impax Asset Management (PDF), MSCI (PDF) and Aperio Group (PDF) support the claim that removing fossil fuel investments from portfolios has a negligible impact.

Norway's Storebrand, which holds more than $ 30 billion in assets, recently announced that it would exclude 13 coal and six oil sands companies from all investments «to reduce Storebrand's exposure to fossil fuels and to secure long - term, stable returns for our clients.»

Yesterday's announcement is a big step forward, raising hopes that the Vatican itself will soon commit to divest its assets from fossil fuels.

By divesting their assets from fossil fuels, they are reducing the ability for big oil, coal and gas companies to develop new extraction projects, while citizens worldwide are rising to stop these projects in their communities,» said Yossi Cadan, Global Divestment Senior Campaigner at 350.org.

For example, in the IEA report that Chevron cites frequently, stranded assets are «capital investment in fossil - fuel infrastructure that ends up failing to be recovered over the operating lifetime of the asset because of reduced demand or lower prices resulting from climate policy» [3].

From Germany's largest utility E.On selling off its coal and gas assets to Australia's biggest carbon polluter moving to zero emissions by 2050, the ball is well and truly rolling in terms of a transition away from fossil fuFrom Germany's largest utility E.On selling off its coal and gas assets to Australia's biggest carbon polluter moving to zero emissions by 2050, the ball is well and truly rolling in terms of a transition away from fossil fufrom fossil fuels.

Asset managers operating in Sweden will have to disclose the climate impact of their investments under new proposals, which come as the fund industry faces mounting pressure to divest from fossil fuels.

The good news is that investors are also making a stand: $ 5.2 trillion in assets have been pledged to be pulled out from fossil fuel investments.

Nearly 700 institutions and 58,400 individuals representing at least $ 5 trillion in assets have divested from fossil fuel companies, one group promoting and tracking the divestment movement reported in December.

This sentiment has been ratified, sanctified, and tallied by the political, moral, and financial bellwethers of our time, from the Paris climate talks (195 countries committed to phase out fossil fuels this century) to the vatican (Pope Francis has made moral invocations to drastically reduce use of fossil fuels in the encyclical Laudato Si») to the Bank of England (the bank's governor Mark Carney has warned not to get stuck holding a bag of stranded fossil fuel assets).

The fossil fuel industry was deeply «unsettled» by comments from energy secretary Ed Davey raising the prospect that their assets could be rendered worthless by global action on climate change, according to a letter of protest sent to the secretary of state.

In Los Angeles, two partners join from Dewey & LeBoeuf: SEAN MORAN and MICHAEL JOYCE, who structure the financing behind projects related to renewable energy, fossil fuels, and other infrastructure assets.