The flight from high risk coal assets gathered pace, just as the development of high
risk oil assets slowed.
Not exact matches
Among the biggest issues
oil - and - gas - exploration companies face in the search for new sources of hydrocarbons is putting humans or high - value
assets at
risk.
Perth - based
oil and gas junior Pura Vida Energy says today's completion of a farm - out agreement covering its
assets off the coast of Morocco is a company - changing event that removes the
risk of exploring the project.
Kidney describes that if governments start to provide guarantees and regulatory support for green bonds, these bonds will obtain a lower
risk - profile and will then be able to compete with brown economic
assets such as
oil and gas.
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.
In fact, over half of
asset managers reported that reputational
risks are already negatively impacting
oil company valuations, and a further 25 per cent predicted they will impact value in the next two years.
However, despite growing awareness of the
risks engulfing
oil companies, the survey revealed a startling lack of preparedness on the part of
asset managers.
Correlations between crude
oil and other higher
risk assets, such as stocks, emerging market
assets and high yield...
If the Dollar does start to push higher, it will likely put downward pressure on
risk assets like equities and
oil
Correlations between crude
oil and other higher
risk assets, such as stocks, emerging market
assets and high yield bonds, remain elevated.
New York State Attorney General Eric Schneiderman said his investigation is an inquiry into whether Exxon is overstating the value of its
assets and
oil reserves and understating the
risks of using fossil fuels.
Correlations between crude
oil and other higher
risk assets, such as stocks, emerging market
assets and high yield bonds, remain elevated.
In the analysis of which
assets protect against various
risks, commodities, and in particular
oil, float to the top of the inflation protection list.
If the Dollar does start to push higher, it will likely put downward pressure on
risk assets like equities and
oil
Correlations between crude
oil and other higher
risk assets, such as stocks, emerging market
assets and high yield...
Renewed Demand for Higher
Risk Assets Fuels Surge in Commodities A renewed surge in demand for yielding assets is helping to drive crude oil and gold prices over
Assets Fuels Surge in Commodities A renewed surge in demand for yielding
assets is helping to drive crude oil and gold prices over
assets is helping to drive crude
oil and gold prices overnight.
Investors in
oil and gas companies have been in the dark about their exposure to climate
risk, but they will now be able to confront companies with precise information and ask hard questions about how they intend to deal with potentially stranded
assets.»
«Investors are through an unprecedented commitment taking steps to reduce the
risk of stranded
assets within the
oil and gas industry.
CalPERS holds about $ 400 million worth of shares in palm
oil plantation companies — investments which bring serious material
risks including climate
risk, land - rights
risk, reputational
risk, and stranded
assets risks.
The IEA do assert however, that in a 450 scenario, the
risk of stranded
assets is higher because of a combination of falling demand and lower prices, something that will mean
oil «companies are valued less».
WASHINGTON, D.C. / / / NEWS ADVISORY / / / Four leading organizations in sustainable investing — As You Sow, Boston Common
Asset Management, Green Century Capital Management, and the Investor Environmental Health Network — will hold a phone - based news conference at 1:30 p.m. EST on November 7, 2013 to issue a report scoring 24 top
oil & gas companies on their disclosure (or lack thereof) to investors of the key
risks associated with hydraulic fracturing operations.
«Efforts to stay within a carbon budget, increase fuel efficiency, reduce costs and improve air quality mean that if capital continues to flow into
oil sands, the projects
risk becoming stranded
assets», says Carbon Tracker's research director, James Leaton.
The Bank of England has also recognised that a collapse in the value of
oil, gas and coal
assets as nations tackle global warming is a potential systemic
risk to the economy, with London being particularly at
risk owing to its huge listings of coal.
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.»
While North America's largest
oil and gas company did announce for the first time that climate change is a reality, the company does not mention the potential
risks of a carbon
asset bubble.
The $ 2 trillion stranded
assets danger zone: How fossil fuel firms
risk destroying investor returns, maps out coal,
oil and gas supply that makes neither financial nor climate sense in a 2 ˚C world and how this affects both listed and public companies.
In the fossil fuel industry, for example, the term increasingly used to signify the long - term
risk associated with
oil and gas that may become much more expensive to exploit is «stranded
assets.»
A group of 70 global investors managing more than $ 3 trillion of collective
assets have launched the first - ever coordinated effort to spur the world's 45 top
oil and gas, coal and electric power companies to assess the financial
risks that changes in demand and price pose to their business plans.
According to Carbon Tracker, the roughly $ 400 billion committed to Alberta
oil sands projects between now and 2025 represent more than a third of high -
risk projects expected to become stranded
assets in a 2 - degree world.
It contains a number of tropes that may be familiar to the well - versed in
oil and gas climate disclosures — for example narrowing the scope of stranded
assets, and characterising the energy sector impacts of a low carbon transition as gradual and well - signposted, thereby depriving investors of an assessment of the volumes and capex at
risk should the company misread the pace of the transition.
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.
«Efforts to stay within a carbon budget, increase fuel efficiency, reduce costs and improve air quality mean that if capital continues to flow into
oil sands, the projects
risk becoming stranded
assets.»
The ultimate aim is to respond to the new urgency amongst major
oil investors to review their exposure to
assets that are at
risk of destroying shareholder value.