Carbon Tracker to Shell: investing in fossil fuels is “a bet on the future”.
Blueandgreentomorrow.com: “The way energy investors react to the financial analysis that describes up to 80% of fossil fuel reserves as “unburnable” will determine whether or not the world successfully...
View ArticleStatoil to investors: climate fix possible with returns on oil for decades.
Letter to FT: Sir, In “A climate fix would ruin investors” (June 18), Martin Wolf addressed the potential impact of effective climate policies on the value of fossil energy companies. The key issue was...
View ArticleShell is wrong to accuse Carbon Tracker of “trivialising the climate debate”.
Jeremy Leggett in Recharge: “A debate is growing in the capital markets about whether carbon-fuel assets are at risk of being stranded — rendered unuseable by trends and events, including policies to...
View Article“Fossil industry is the subprime danger of this cycle” / solar the future.
Ambrose Evans-Pritchard in the Telegraph: “The cumulative blitz on energy exploration and production over the past six years has been $5.4 trillion, yet little has come of it.” “The epicentre of...
View Article“Shell underestimates risk for up to $77 billion of high cost oil projects.”
Carbon Tracker press release: “The Carbon Tracker Initiative (CTI) and Energy Transition Advisors (ETA) have today jointly published a thorough response to Shell’s stranded assets statement published...
View ArticleThe Economist on Shell, Exxon & carbon: “the elephant in the atmosphere”.
Economist: “In September 2013 a group of institutional investors with $3 trillion of assets under management asked the 45 biggest quoted oil firms how climate change might affect their business and, in...
View ArticleThe Energy of Nations: “thriller-like”, “fast-paced”, “wonderful anecdotes”.
Germana Canzi: “It was with a bit of trepidation that I started to read Jeremy Leggett’s most recent book,The Energy of Nations: Risk Blindness and the Road to Renaissance (Routledge, 2013). Last time...
View ArticleOil & gas company debt soars to danger levels to cover shortfalls in cash.
Telegraph: “The world’s leading oil and gas companies are taking on debt and selling assets on an unprecedented scale to cover a shortfall in cash, calling into question the long-term viability of...
View ArticleOil majors gambling US$91bn on 20 high-risk projects.
CarbonTracker: “The world’s biggest publicly listed oil companies plan to develop the projects, which will put nearly $91 billion of investor cash at risk over the next decade.” “Following the...
View ArticleCost-cutting fever in tar sands as economics called into question.
Financial Post: “Canadian oil companies are ruthlessly enforcing capital discipline as project costs creep up and shareholders pressure management to focus only on the most profitable ventures.”...
View Article“This approach to climate change doesn’t involve Obama or the the Senate.”
Bloomberg: “Forget the Senate, as President Obama is trying to do. Pull the plug on the annual United Nations climate negotiations. Maybe it’s time for investors to save the planet.” “That idea has...
View ArticleDivesting from fossil fuels: “last man out loses”.
REW.com: “A new report written by Nathaniel Bullard at Bloomberg New Energy Finance (BNEF) highlights the difficulties large institutional investors would have divesting from fossil fuels. What it does...
View ArticleExxonMobil underestimates climate risks: Carbon Tracker.
Carbon Tracker press release: “In March 2014 ExxonMobil published a document entitled, “Energy and Carbon – Managing the Risks” in response to a shareholder proposal by Arjuna Capital and As You Sow.”...
View Article“Toil for oil spells danger for majors.”
Mark Lewis: a major new report for Kepler Cheuvreux: “Until now, concern over new high-cost oil projects potentially becoming stranded in future has focused on the downside risk to oil prices, a...
View Article“Rockefellers, heirs to an oil fortune, will divest charity of fossil fuels.”
NYT: “The family whose legendary wealth flowed from Standard Oil is planning to announce on Monday that its $860 million philanthropic organization, the Rockefeller Brothers Fund, is joining the...
View Article“Heat rises for fossil fuel industry as climate talks gather pace”: FT.
FT: “This is not a comforting week to be an investor in a big oil or coal company. It began with rallies in capital cities around the world, where tens of thousands of people marched to demand more...
View Article“Coal: Before the Flood.”
FT Lex: “….There are holes in the market. China alone has several. The country’s leaders are eager to shift away from energy-intensive investment, towards consumption.” “Fixed-asset investment growth...
View ArticleMark Carney: most fossil fuel reserves can’t be burned.
Business Green: “The governor of the Bank of England has reiterated his warning that fossil fuel companies cannot burn all of their reserves if the world is to avoid catastrophic climate change, and...
View ArticleAP2 to divest from 20 fossil-fuel companies at risk of stranding.
PI online: “AP2, Gothenburg, Sweden, is to divest from coal and oil and gas production companies to reduce its financial risk in fossil-fuel-based energy, said a spokeswoman.” “The divestment from 12...
View ArticleNorway’s Arctic oil ambitions threatened by oil price-slump.
Bloomberg: “Norway’s push to exploit Arctic waters for oil, already denounced by environmentalists, is now under threat from the slump in crude prices.” “The Arctic Barents Sea off northern Norway is...
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