Divestment from fossil fuels

More and more institutions, researchers and globally recognised finance and investment authorities, including HSBC and S&P, are talking about the risks of fossil fuel investments. 

Their arguments build a convincing and strong financial case for divesting from the fossil fuel industry.

Not just talk – globally, Norwegian pension provider Storebrand and Dutch Rabobank made headlines in 2013 with divestment announcements, while the World Bank, the US and UK Governments and 5 Nordic countries also announced plans to phase out their investment in new coal plants.  As awareness is spreading rapidly, at the start of 2014 a group of 17 foundations, controlling $1.8 billion in investments committed to divest.

An increasing number of cities, universities, churches and other institutions, including 5 dioceses of the Anglican Church in New Zealand, have also made commitments to divest.


REPORTS

Resilient Portfolios & Fossil Free Pensions by HIP Investor, 2013

Beyond Fossil Fuels: The Investment Case for Fossil Fuel Divestment, by Impax Asset Management, 2013.

Institutional Guide to Fossil Free Investing by Joshua Humphreys, Ph.D., Tellus Institute, May, 2013.

Unburnable Carbon – Are the world’s financial markets carrying a carbon bubble? by the Carbon Tracker Initiative, 2014.

Unburnable Carbon 2013: Wasted capital and stranded assets by the Carbon Tracker Initiative, 2013.

The Window for Thermal Coal Investment is Closing by Goldman Sachs, July, 2013.

What a Carbon-Constrained Future Could Mean for Oil Companies’ Creditworthiness by Standard & Poor’s, March, 2013.

Debunking Myths About Fossil Fuel Divestment by 350.org, Go Fossil Free, 2014.

Stranded Assets and the Fossil Fuel Divestment Campaign: What Does Divestment Mean for the Valuation of Fossil Fuel Assets? by the University of Oxford, September, 2013.

Stranded Assets and Thermal Coal: an Analysis of Environment-related Risk Exposure by the University of Oxford, January, 2016

Stranded assets and subcritical coal: the risk to companies and Investors by the University of Oxford, March, 2015


KEY RESOURCES

List of top global 200 oil, coal and gas companies, by proven carbon reserves


ARTICLES

Divesting From Fossil Fuels Means A Cleaner, Safer And More Resilient Future – Forbes, Logan Yovjanak, 29 July 2013.

It’s Time To Stop Investing In The Fossil Fuel Industry –  The Guardian, Bill McKibben (350.org), 30 May, 2013.

Investment Funds Divested From Fossil Fuels “Will Perform Better” – The Energy Collective, David Thorpe, 16 July, 2013.

 

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