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Divestment from fossil fuels is accelerating around the world. While this may shuffle assets off one company’s books, the world’s carbon emissions keep climbing, risking our safety, security and economic well-being. It’s hard for an oil giant to ignore: in 2021, Shell labelled fossil fuel divestment campaigns a “material risk.”
I first met Moira Hutchinson in 1987 when I was working on the first of my series of books on responsible investment. EE: The debate about divestment versus engagement in fossil fuels is probably more heated now than ever. At that time, most anti-apartheid activists outside of the churches gave their attention to divestment strategies.
Deutsche Bank Ties Senior Exec Compensation to Loan Book Decarbonization Goals Private Equity & Venture Capital Carbon Accounting and Management Startup Greenly Raises $52 Million Fullerton Fund Management Raises $100 Million for Decarbonization Opportunities-Focused Private Equity Fund KKR Acquires Majority Stake in U.S.
Do they divest so the poorly performing assets are no longer on their books? There are “better and better tools” to help investors measure the energy efficiency and decarbonisation of their real estate assets, said WBCSD’s Hunziker, but it is difficult for investors to know how to act on the data. . “Do Hunziker said. .
The CDPQ divested from the oil sector five years ago and reinvested the funds in clean energy, a move that has generated an 18% annual return. “We But banks, Scott points out, have relatively short-term lending horizons: “They don’t see past a few quarters when it comes to allocating their loan books.”
SWIFT access to be denied to seven Russian banks on March 12, 2022. sanctions, which primarily targeted banks and other financial institutions. Note that any divestment or transfer of covered debt or equity must be to a non-U.S. As with General License 9A, any divestment or transfer must be to a non-U.S.
University activists are increasingly citing the oil and gas industry’s targeting of kids in the classroom as another reason to divest from fossil fuels. One of the most creative efforts involves a comic book character named Petro Pete that encourages children in Oklahoma to fear life without oil and gas. The divestment solution.
They are so committed to the industry and to climate inaction that they have passed legislation in states like Texas to prohibit asset managers and banks that consider ESG and climate risk from doing business with state entities. Why Did Companies Take So Long to Divest from White Supremacy? —?—?—?—?—
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