Sentences with phrase «on carbon asset»

Not exact matches

Posted by Jeff Rubin on November 17th, 2014 under SmallerWorldTags: carbon tax, climate change, oil prices, Stranded assets • 3 Comments

Her 2014 landmark negotiation with Exxon Mobil led to the company's first public report on global warming and carbon asset risk.

On Friday November 21st Glass Lewis hosted a Proxy Talk conference call with CERES and Walden Asset Management to discuss the risks from stranded carbon assets, greenhouse gas emissions and hydraulic fracturing as well as trends in -LSB-...]

excerpt: «After being pestered for years by shareholder activists, Exxon has agreed to produce a public document on its «carbon asset risk.»

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

One step would be stress testing, engaging pension funds and companies to examine if they hold carbon - intensive assets on their books, said Martin Skancke, who spoke on the first panel and is chairman of the Advisory Council of Principles for Responsible Investing, a U.N. - supported initiative that has helped formulate a widely followed voluntary protocol of responsible investment criteria.

My personal preferences would be for states to impose a new consumption tax on something that's bad for the world, like gambling or carbon emissions or sugar or cigarettes, but states could also impose a special tax on millionaires or rent out some state asset (like highways or parking lots).

As a result, public pension sponsors and other asset owners are facing a surge of mandates to use their investing heft to achieve social goals such as reducing the carbon footprint, improving gender diversity, and so on.

However, carbon monoxide detection, fire alarms, the ability to turn your lights on and off, knowing when your kids come home when you're at work — all of these monitoring services are attractive to consumers who want to protect their assets and have peace of mind.

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.

And even if we do continue on our same fossil - using path, the assets may be creating what analysts are calling a «carbon bubble» in financial markets.

He just filed a piece on a German economist's conclusion that the lost assets when forests are destroyed — water cleansing, carbon holding, etc. — dwarf the global financial losses of late.

Unless we brake hard, not on emissions, but on the creation of carbon - based assets, then we'll end up in a situation where SecularA's solution, trash - compacting much of our civilization, will become necessary.

Formed in 2008 by CE2 Capital Partners and Energy Capital Partners, CE2 Carbon Capital, LLC is a company dedicated to building a portfolio of carbon offsets and other assets focused on reducing greenhouse gas (GHG) emissions in North America.

The think - thanks research to date on «unburnable carbon», the «carbon bubble», and stranded assets has ignited a new global debate on how to align the financial system with the energy transition to a low carbon future.

HERE is one Ceres investor statement by 190 real - money investors with more than US$ 13 trillion of assets: «On 14 January 2010 the world's largest investors released a statement calling on the U.S. and other governments to quickly adopt strong national climate policies that will establish a stable investment climate and thus spur low - carbon investments to reduce emissions causing climate change.&raquOn 14 January 2010 the world's largest investors released a statement calling on the U.S. and other governments to quickly adopt strong national climate policies that will establish a stable investment climate and thus spur low - carbon investments to reduce emissions causing climate change.&raquon the U.S. and other governments to quickly adopt strong national climate policies that will establish a stable investment climate and thus spur low - carbon investments to reduce emissions causing climate change.»

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.

Stranded carbon assets include fossil fuels, as well as those assets which, given their dependence on fossil fuels, are also CO2 - emissions intensive.

So the darker hopes arise — maybe a particularly furious El Niño or a «carbon bubble» where the financial markets realize that renewables have become more scalable and economical, leading to a run on fossil - fuel assets and a «generational crash» of the global economy that, through great suffering, buys us more time and forces change.

First is regulation that could strand assets in several ways: direct regulation on carbon led by authorities at the local, national, regional, or global level; indirect regulation through increased pollution controls, constraints on water usage, or policies targeting health concerns; and mandates on renewable energy adoption and efficiency standards.

While a global price on carbon certainly would be important, we believe that investors are mistaken to assume that is the only path to stranding carbon assets.

For the IEA, the extent to which risk exists from stranded assets depends on whether the low - carbon transition is orderly or disorderly — something Carbon Tracker frequently highlights as well.

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.

At the same time, current international commitments to reduce carbon emissions and rapid technological change have already led many fund managers to reconsider their investments in these potentially stranded assets, while a growing number of studies show that responsible investment portfolios typically offer returns on a par with or superior to, conventional investment portfolios.

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.

GENEVA - Large investors representing more than $ 20 trillion (14.62 trillion) in assets urged governments on Wednesday to sign a binding treaty on carbon emissions at the U.N. climate talks in South Africa in December.

It is applying its thinking on carbon budgets and stranded assets across geographies and assets classes to inform investor thinking and the regulation of capital markets.

London, 19th April 2013 — Today new research by Carbon Tracker Initiative and the Grantham Research Institute on Climate Change and the Environment at London School of Economics and Political Science reveals that despite fossil fuel reserves already far exceeding the carbon budget to avoid global warming of more than 2 °C, $ 674 billion was spent last year finding and developing new potentially stranded assets.

CTI have recently release a thorough response to Shell's letter on stranded asset and carbon bubble and will soon issue a similar response to Exxon.»

Moreover, while a focus on reporting of companies» carbon emissions is important, we suggest that improving reporting of and transparency around carbon asset risk — an on - going focus of the Bank of England — should be a priority for the Government.

Providing Australia's coal industry a transition phase through «set - aside» or «non-production» payments will give the industry time to either wind down its assets and exit the industry or to bring on line carbon capture and storage.

Carbon Positive Cities are based on the idea of cities as living metabolisms that embrace «working carbon» and optimize the return of carbon to the soil as a valuable economic, ecological and social asset.

The call for investors to divest from coal assets, one of the most carbon - intensive energy sources, has been primarily based on the harmful social and environmental outcomes linked with carbon emissions.

Issue guidance to interpret existing standards (eg IAS36 impairment of assets; valuation of reserves) so that preparers of reports and accounts consider the need to include information on the carbon viability of reserves.

«There is a risk that focusing on «stranded assets» or the concept of the «carbon bubble» distracts attention away for the reality of a growing population, increasing prosperity and growing energy demand.»

This has fed into their thinking on assessing the «carbon bubble» and «stranded asset» risks of fossil fuel companies.

In 2015 Carbon Tracker presented the stranded assets / unburnable carbon idea to a full meeting of central banks and regulators at the Financial Stability Board meeting on climate change hosted by Mark Carney, effectively contributing to the creation of the Task Force on Climate - related Financial Disclosures (TCFD).

Burtraw, D., K. Palmer, R. Bharvirkar, and A. Paul, 2002: The effect on asset values of the allocation of carbon dioxide emission allowances.

The Alberta government could see to it that the energy producers refined the stuff into synthetic crude oil on site but this is a high - cost, high - carbon asset already at some risk of becoming «stranded.»

«Given the amount of money you're spending on high - cost, high carbon projects... given your demand restraints due to carbon asset risks, we think a more prudent use of capital is to return more money to shareholders through dividends and share buybacks.»

Natural gas, generally, emits half the amount of CO2 per unit of electricity as oil does, so it makes sense for big petroleum companies to lean on this resource more as a way to position their respective asset mixes as lower carbon and secure an even larger piece of the global carbon budget.

Al Gore and David Blood, Generation Investment: «Stranded assets are those that would be unprofitable under certain scenarios, which include the enforcement of a fair price on carbon and water, or improved regulation of labour standards in emerging economies.

With the energy sector showing signs of profound, disruptive change, and with the former chairman of Duke Energy arguing that a price on carbon is inevitable, investors are rightly spooked by the prospect of a carbon bubble — whereby fossil fuel assets become stranded because they either can't be exploited due to climate concerns, or clean energy alternatives simply squeeze them out of the marketplace.

An unrealistic reliance on untested carbon capture and storage (CCS) technology risks leaving the companies with huge stranded assets in the future, as international climate change regulations are strengthened at Copenhagen next year.

Most recently, a report from The Carbon Tracker with a forward by Lord Stern of the Grantham Research Institute on Climate Change (London School of Economics), argued that serious risks are accumulating for investors in high carbon assets, such as coal mining companies and the oil and gas industry.

On the risk side, divesting is about not getting stuck holding stranded fossil fuel assets that can not be burnt if the world is to adhere to a given carbon budget, a topic on which Mark Carney, governor of the Bank of England, has expressed concerns in a landmark speech to global insurer Lloyd's of LondoOn the risk side, divesting is about not getting stuck holding stranded fossil fuel assets that can not be burnt if the world is to adhere to a given carbon budget, a topic on which Mark Carney, governor of the Bank of England, has expressed concerns in a landmark speech to global insurer Lloyd's of Londoon which Mark Carney, governor of the Bank of England, has expressed concerns in a landmark speech to global insurer Lloyd's of London.

A blockchain is a public, distributed ledger that is replicated and hosted on numerous computers, creating thousands of digital carbon copies that give the system credibility and oversight needed to create a secure public list of an asset.

Environment & Climate Change: Advice on all aspects of environmental and climate change regulation, carbon trading, sustainability, compliance and governance, the allocation of environmental assets and risks in M&A, project finance, funds and real estate, and regulatory and environmental dispute resolution.