Remove 2024 Remove Climate Change Remove Divestment
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Zeros: Insurers are passing climate crisis costs onto homeowners while financing new fossil fuel projects

Corporate Knights

It was 1973 when German insurance firm Munich Re began sounding the alarm on climate change. That year, Axa became the first major insurer to divest from coal. No one expects the insurance industry to solve climate change on its own. But it can start by not making things worse.

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List of Clean 200 companies captures the green transition in full flight

Corporate Knights

Between July 1, 2016, and January 15, 2024, Clean200 companies generated a total return of 103.5%. And that’s the big deal, says As You Sow CEO Andrew Behar, who co-authored the 2024 study. “In In 2016, we created the Clean200 in response to investors saying, ‘If we divest fossil fuels, there is nothing to invest in.’”

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Stronger climate regulations for banks might not actually cut emissions

Corporate Knights

Last week, Canada’s financial regulator introduced new rules requiring the country’s largest banks and insurance companies to disclose their climate risks and carbon emissions. They also recommended that OSFI require institutions to set aside capital buffers (which would hit their bottom line) as protection against climate risks.

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Californian Pension Funds Face Forced Divestment of Fossil Fuel Holdings

Chris Hall

The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) have “wildly exaggerated” the costs of divesting fossil fuel holdings, according to climate activist group Fossil Free California (FFC). Counting the costs. The funds have estimated combined holdings of US$11.5

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Shell U-turn Prompts Closer Investor Scrutiny

Chris Hall

While some investors have chosen to draw a line in the sand and divest from fossil fuels, both van Baal and Lindmeier continue to see the value in remaining invested and engaged. “Selling your shares will have no influence over the oil and gas company,” said van Baal. Hold or fold?

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Investors Urged to Stand up to ExxonMobil

Chris Hall

Exxon has now taken aim at sustainability-focused shareholders and shareholder networks in its 2024 proxy statement.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Support for decarbonisation has also been spurred on by Climate Action 100+ , a group of over 570 investors engaging with large organisations to take action on climate change and drive emission reductions, with further pressure on investment groups anticipated as more focus is placed on their emissions and climate impacts.

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