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.
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
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.