Sentences with phrase «fuel companies risk»

Fossil fuel companies risk wasting almost $ 1.6 tn on oil, gas and coal projects that will become uneconomic if the world steps up efforts to tackle climate change, according to an analysis of projected capital expenditure in the energy sector.

LONDON / NEW YORK, November 25 — Fossil fuel companies risk wasting up to $ 2.2 trillion in the next decade, threatening substantially lower investor returns, by pursuing projects that could be uneconomic in the face of a perfect storm of factors including international action to limit climate change to 2 ˚C and rapid advances in clean technologies, think tank the Carbon Tracker Initiative warns today.

Financial Times - Andrew Ward Fossil fuel companies risk wasting almost $ 1.6 tn on oil, gas and coal projects that will become...

LONDON, NEW YORK March 8 — Fossil fuel companies risk wasting $ 1.6 trillion of expenditure by 2025 if they base their business on emissions policies already announced by governments instead of international climate goals, Carbon Tracker warns in a report released today, that models the IEA's 1.75 C scenario for the first time.

Namely, that significant sums of capital expenditure from Australian - based fossil fuel companies risks being stranded in a scenario compliant with international policy agreements and continued technological advances away from fossil fuel energy sources.

Not exact matches

We believe the Statoil acquisition strengthens the company's business risk profile by adding an established, profitable c - store and fuel retailer with a strong market share of more than 30 % in the mature markets of Sweden, Norway, and Denmark with good growth prospects in riskier, more fragmented Eastern Europe.

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 message that the low carbon transition poses substantial risks for fossil fuel companies - many of whom number among the world's richest companies - finally seems to be cutting through to the financial sector.

Why It Works For Growing Technology Companies There are multiple options to funding to fuel your growing technology business, but what if you need to: A) get funded fast, B) keep you in control of your company and, C) not risk... Continue reading →

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

The county is accusing drug companies and distributors of painkillers made from opioids of downplaying the risks of those kinds of drugs that have fueled a nationwide epidemic of opioid addiction.

Trustees understand risks, and there are risks associated with specific fossil fuel companies and, of course, with climate impact.

We can support customers by offering risk management services across the range of exposures airline companies face, from fuel price to CO2 compliance.

It's unlikely that the fossil fuel companies will deny in court what is widely accepted by authoritative scientific bodies around the world: that human emissions have already begun to warm the planet, that the harm is already being felt, that the risks of future harm are significant, and that to head them off emissions have to be rapidly reduced.

Fuel is encapsulated in the core, which the company says significantly reduces proliferation risk and enhances overall safety for the user.

«With its operations now returned to normal, Manchester Airport, its airlines and the fuel companies will be working together to review the incident, learn lessons and mitigate any risk of disruption that might be caused by a similar incident in the future.»

Hot on the heels of a historic climate deal in Paris the Carbon Tracker Initiative and the Climate Disclosure Standards Board, two non-profits who seek to promote transparency in relation to climate risk, will in Davos on Friday launch proposals for risk reporting by fossil fuel companies.

The collapse in the oil price to 12 - year lows and bankruptcies in the coal sector underscore the risk of «financial stranding» and signals that fossil fuel companies need to accept that they are ex-growth stocks and must urgently re-assess their business models accordingly.

These brave members of this coalition are doing their job like they did in the tobacco case,» said Vice President Gore, comparing fossil fuel companies to the tobacco companies of the 1990s that fell under intense scrutiny over misstatements about cancer and heart disease risks associated with cigarette smoking.

Mark Campanale, Carbon Tracker Founder and Executive Director, said: «These disclosure principles go to the very core of the energy transition that is underway — they show investors and markets the extent to which individual fossil fuel companies may be at risk, as well as management's plans for addressing the looming issue.

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.

Fossil Fuel companies need to come clean on climate risks post Paris Proposals launched to ensure...

Another frequently mentioned option is for Attorney General Eric Schneiderman of New York to invoke the state's powerful stock - fraud statute, the Martin Act, as the state has done in recent years to force other fossil fuel companies to disclose more about the financial risks they face from climate change.

Potentially stranded fossil fuel assets are largely why responsible climate risk management is being opposed today by fossil fuel companies and libertarian right - wing forces.

Holding corporations legally accountable for climate change is a tough challenge because of regulatory and jurisdictional issues, statutes of limitation, the difficulty of assigning specific damages to any one company, and fossil fuel companies» arguments that they acted prudently based on their assessments of risk at the time.

Fear of stranded assets motivates fossil fuel companies to oppose responsible climate risk management and prop up climate science deniers

«Over 100 business leaders worldwide have backed the final recommendations of a global task force set up by the G20 to disclose how companies manage climate - related risk, in a move that could divert trillions of investments away from polluting fossil fuels.»

In our view, fossil fuel companies and their shareholders are exposed to the following key risks associated with climate change.

This paper examines Chevron's current disclosures in the context of Carbon Tracker's April 2015 Blueprint, where we identified the key company information needed by investors to understand whether and how fossil fuel companies are managing energy transition risk.

Along with other major fossil fuel companies, it deceived the public about the risks of its products and kept us on a path of unabated fossil fuel extraction.

The governor of the Bank of England, Canadian banker Mark Carney, warned repeatedly during 2014 that what he termed «stranded assets» are a growing risk for fossil - fuel companies.

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 comments we recently submitted, NRDC, other environmental groups, consumer advocates, customers, and electricity generation and supply companies detailed numerous errors in the ISO's assumptions, including its assumptions about future growth in gas and electricity demand, energy efficiency, and renewable energy, which skew the study results toward a grid that appears more susceptible to fuel security risks.

So far most of the attention has focused on the risk of climate change to fossil fuel companies.

Instead of acting to reduce harm, the cities charge, companies attempted to undermine climate science and mislead the public by downplaying the risk posed by fossil fuels.

A significant proportion of fossil fuel projects outside the carbon budget are related to future projects, which companies still have time to cancel — the less that energy transition risks are factored into company planning now, the greater chance of value impacts in the future.

Since then, InsideClimate News published an exposé detailing a $ 30 million, multi-decade effort by Exxon Mobil to sow doubt about climate change, despite the company's own internal deliberations about known climate risks associated with fossil fuel use.

HSBC warned that 40 - 60 % of the market capitalisation of oil and gas companies was at risk from the carbon bubble, with the top 200 fossil fuel companies alone having a current value of $ 4tn, along with $ 1.5 tn debt.

Bill McKibben and Jeremy Leggett: Fossil fuel companies» bet that climate agreements won't stop them from burning carbon puts pension funds at risk

It also says the companies «orchestrated a campaign of deception and denial regarding climate change» by funding efforts to discredit the science on climate change even though their scientists had warned them of the risks and the role of fossil fuels in causing it.

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.

And we refuse to let politicians risk our future and our world, just so fossil fuel companies profit.

The Colorado plaintiffs, like the cities and counties suing oil companies in California, accuse Exxon and the Canadian oil sands company Suncor of creating a public nuisance through the burning of fossil fuels that is costing them money and putting their residents and property at risk.

«While the future is uncertain, the debate about whether climate change is a material risk for fossil fuel companies is settled.

Internal company documents uncovered by a Dutch news organization show that the oil giant Shell had a deep understanding, dating at least to the 1980s, of the science and risks of global warming caused by fossil fuel emissions.

Fossil fuels companies should also fully disclose the financial and physical risks of climate change, invest in low - carbon and renewable energy resources, support policies to shift away from fossil fuels, publicly disclose their direct and indirect political spending, and pay for their share of the costs of climate - related damages and climate preparedness.

Today, many fossil fuel companies already acknowledge that action on climate change presents a material risk, but few offer disclosures that adequately assess the financial impact.

Those direct engagements clearly showed that the investors are becoming increasingly empowered to engage with companies to align capital allocation in accordance with the exposure to climate risks, while the Boards and executive teams of fossil fuel companies are becoming more aware, proactive and better able to manage climate risks.

Robert Schuwerk, Senior Counsel, at Carbon Tracker said: «Carbon Tracker's work has highlighted the trillions of investors» dollars at risk if fossil fuel companies continue to plan for business - as - usual while the rest of the world heads in the opposite direction.