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.
Removing fossil
fuel investments from this sum, will make «ExxonMobil, Shell, and Peabody sweat,» says 350.org.
In January, New York City announced its intention to divest $ 5 billion in fossil
fuel investments from its pension funds within five years.
But on Thursday, Harvard University President Drew Gilpin Faust released a long and reasoned explanation of why the school will not remove fossil
fuel investments from its portfolio.
New York City sued five major oil companies, claiming they have contributed to global warming, and also announced it will sell off billions in fossil
fuel investments from the city's pension funds.
New York City announced it filed a multibillion dollar lawsuit against five top oil companies, citing their «contributions to global warming,» as it said it would divest fossil
fuel investments from its $ 189 billion public pension funds over the next five years.
The Church of England is to vote on whether to sell off its remaining fossil
fuel investments from its... More
New York City is taking on the oil industry on two fronts, announcing a lawsuit Wednesday that blames the top five oil companies for contributing to global warming and saying the city will sell off billions in fossil
fuel investments from the city's...
Not exact matches
There are more than 80 immune - related cancer therapies currently in clinical trials,
fueled by many billions of dollars in pharmaceutical
investment from the likes of Bristol - Myers Squibb bmy, Merck mrk, Pfizer pfe, and dozens of biotechs.
A coalition of 40 Catholic institutions on Tuesday announced a decision to pull their money
from — or block future
investment in — fossil
fuels.
Prior to that
investment, Getaway raised $ 1.4 million in two rounds of seed financing
from a number of investors, including Rough Draft Ventures and
Fueled, according to the company.
Fossils
fuels are no longer the largest recipient of
investment in the energy sector, the latest report
from the International Energy Agency said Tuesday.
Fuel theft is fast becoming one of Mexico's most pressing economic and security dilemmas, sapping more than $ 1 billion in annual revenue
from state coffers, terrorizing workers and deterring private
investment in aging refineries that the government, following a 2014 energy reform, hoped instead would be thriving with foreign capital.
Other big technology companies have created similar
investment funds to
fuel technologies like artificial intelligence and virtual reality, which are generating a lot of interest
from investors and analysts.
By targeting refineries, already suffering
from a lack of
investment, Mexico's most notorious criminals gain access to nerve centers for much of the country's
fuel supply.
There student activists persuaded the school's chief
investment officer, David Swensen, a widely respected noncorrelated investing leader, to partially divest Yale's $ 25.6 billion endowment
from the fossil
fuel industry.
Relatively easy liquidity has
fuelled investment in China's notoriously frothy real estate sector - property
investment jumped 22.8 percent in January and February combined
from 2012 - pushing up home prices and triggering hawkish talk on property tightening
from Beijing policymakers to contain the risk of an asset bubble rapidly inflating.
Investment in clean energy set a new record last year, with more money invested globally in new renewable power than in new power
from fossil
fuels.
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.
Economic contraction in the U.S. and Europe in the early and mid 1970s did not lead immediately to economic contraction in what were then known as LDCs, largely because the massive recycling of petrodollar surpluses into the developing world
fueled an
investment boom (and also
fueled talk about how for the first time in history the LDCs were immune
from rich - country recessions).
Revenue
from equities trading as well as advising on mergers, IPOs and debt issuance helped
fuel gains at the
investment bank, with UBS saying the results would have been even stronger excluding currency effects.
«The
investment from Portag3 will enable us to build out a regional team, deliver on Canadian consumer requirements, and
fuel innovation in Canadian financial services.»
on $ 2M
Investment from Lowe's, IDEA Fund Partners to
Fuel Raleigh Startup's Charlotte Expansion [paywall]
«Our plan
from the start has been to drive strong cost savings to
fuel investments in people, capabilities and brands that can lead to sustainable, profitable growth.
Still, the lack of public clarity
from Mr. Morneau on his tax - credit plans has
fuelled speculation on Bay Street that tax hikes on
investment income could still be on the table.
That performance was
fueled by rising
investment advisory revenue, thanks to market gains and more money flowing in
from clients.
Last month, Democratic New York Gov. Andrew Cuomo announced plans to have the state pension funds also divest
from fossil
fuel investments.
With the first close of the $ 30 - million goal already secured solely
from private investors, the Fund is pleased to announce its first two
investments: GreenMantra, which has developed a proprietary technology platform to convert plastics into chemicals and other
fuels; and Smart Energy Instruments (SEI), which is on track to create low - cost energy sensors that form the backbone of a smarter grid by providing real - time, highly granular data measurements.
NEA's
investment strategy spans all stages of
investment from seed to
fueling the growth of market leaders.
New survey data
from Hartford Funds reveals that market volatility and geopolitical events are
fueling investor anxiety, yet most aren't taking advantage of the full suite of
investment options that may help manage risk exposure at a lower cost *, namely strategic beta exchange traded funds (ETFs).
Social development has already made a contribution to the economic development of the state and he has a long quotation
from his earlier writing to affirm that it is possible to develop a Kerala Model of Economic Growth on the foundation of its Model of Social Development by a new State strategy of «transforming its expenditure on education and health
from merely a social welfare expenditure into an
investment in human capital», and that in fact any other path of economic growth is full of risks for Kerala which has only «limited raw material and
fuel resources».
Helping
fuel the growth in product innovation and distribution is
investment from private equity and large strategics alike.
Nipco's
investment subsidiary bought 60 % of Mobil Oil Nigeria shares
from Exxon Mobil Corporation in October, when the latter pulled out of downstream
fuel distribution in Nigeria.
Moving the Common Fund away
from fossil
fuel investments will protect the retirement savings of New Yorkers,» Cuomo said.
The sites rocketed in popularity this year,
fueled by an advertising blitz during sporting events, and
investments from major media networks and leagues.
The track and bridge maintenance required per the lease terms do not constitute capital
investments and are not deductible
from the gross revenue (nor are things like rolling stock expenses,
fuel to run the trains and maintenance carts, etc.) At that, the rail inspection report shows CMRR has only completed 20 % of the track maintenance they are liable for under the lease.
We have increased our
investment in measures to improve the energy efficiency of Scotland's homes which, in addition to making
fuel bills cheaper, has also helped to reduce greenhouse gas emissions
from housing, consistent with our ambitions to combat climate change.
If he accepts that savings can be made through
investment in insulation, why, when households will face higher tax bills for years to come, is he resistant to our policy, which would give every home in the country an entitlement to # 6,500 - worth of immediate energy efficiency improvements, paid for
from the savings that people make on their
fuel bills?
Recently, after over five years of community campaigning for New York to divest
from fossil
fuels, City Comptroller Scott Stringer and Governor Andrew Cuomo each released separate proposals to freeze all current fossil
fuel investments, divest New York's public pension -LSB-...]
That's the best way to support demand and help rebalance our economy away
from debt -
fuelled consumption and towards exports and
investment.
The New York Greens are also calling on the state Comptroller to «immediately» freeze any new
investments in fossil
fuels and «divest
from direct ownership and any commingled funds that include fossil
fuels.»
«Moving the Common (Retirement) Fund away
from fossil
fuel investments will protect the retirement savings of New Yorkers,» Cuomo said in announcing his proposal Tuesday.
The increase in
investment and higher spending will generate enough extra VAT and income tax receipts to make up most of the losses
from expected
fuel duty rises.
As part of a worldwide campaign, 350NYC wants the City of New York to immediately freeze any new
investment in fossil
fuel companies, and divest
from direct ownership of any commingled funds that include fossil
fuel public equities and corporate bonds within five years.
That law also required public disclosure of the amount of money — within a narrow category — that officials receive
from outside employment and
investments, and mandated that some lobbying groups list the donors that
fuel their advocacy campaigns.
Akshar's campaign has been
fueled by a heavy
investment from the state Senate Republicans conference.
Ban the export credit guarantee department
from underwriting risky
investment in foreign fossil
fuel projects.»
Consumption of fossil
fuels continues to rise, meanwhile, despite heavy
investments from both developed and developing countries into renewables and energy efficiency.
The Rockefellers, who made their vast fortune on oil, and other philanthropies and high - wealth individuals on Monday will announce pledges to divest a total of $ 50 billion
from fossil
fuel investments.
Billions of dollars in public and private capital for energy
investment are up for grabs as developed countries like the United States and emerging economies like India get down to brass tacks on how they will hit their greenhouse gas emissions pledges and move their energy systems away
from fossil
fuels.