In Texas Court, Exxon Files to Block Climate-Change Document Subpoena April 15, 2016 Exxon Mobil Corp. is squaring off against government investigators who believe the energy giant covered up knowledge of how fossil...
Fossil Fuel Divestments by Insurers & Other Investors Top $3.4 Trillion: Activists December 2, 2015 By Alex Nussbaum Insurers, cities and other investors controlling more than $3.4 trillion in assets have pledged to keep some or all of...
Climate Risk May Hit Equity Portfolios as Investor Sentiment Shifts: Study November 12, 2015 By Anna Hirtenstein Equity portfolios may lose as much as 45 percent of their value due to shifting investor sentiment about climate change,...
10 Oil & Gas Bosses Seek to Improve Image Before Climate Change Summit October 16, 2015 By Ron Bousso and Bate Felix Oil and gas industry bosses called for an “effective” agreement at the United Nations climate change summit in December, recognizing...
Bank of England Governor: Insurers Face Huge Exposure to Climate Change Risks September 30, 2015 By Scott Hamilton Bank of England Governor Mark Carney said UK insurers face potentially “huge” exposure to shifts in climate-change policy and Group...
Institutional Investors’ Fossil-Fuel Divestment Exceeds $2.6 Trillion September 23, 2015 By Christopher Martin Portfolio managers have pledged to steer $2.6 trillion in investments away from fossil fuels in an effort to prevent catastrophic...
Shell: Insurers May Be Reluctant to Underwrite Carbon Capture Projects June 12, 2015 By Alex Morales Projects to capture carbon emissions from power plants and store them permanently underground face “large risk premiums” from insurers because...
AXA Plans to Sell Coal Assets, Citing Concerns About Climate Change May 22, 2015 By Tara Patel and Fabio Benedetti-Valentini France’s largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel...
Companies May Need to Disclose Fossil-Fuel Exposure: UK Energy Secretary December 11, 2014 By Alex Morales U.K. Energy Secretary Ed Davey called for a debate on forcing companies to disclose their exposure to fossil fuels so...
High Cost Hinders Progress of Carbon Capture As Climate-Change Fix December 9, 2014 By Jeremy van Loon Scientists know only two credible ways to prevent temperatures from rising to dangerous levels: stop burning fossil fuels or capture...