- The intergenerational 'wars' at super rich families over sustainable investments, Responsible Investor
- Coal expansion plans up in smoke as Europe realises mistake, Euractiv
- 유럽 석탄발전 사업 77% 취소 잘못된 예측으로 비용 부담 커 [European Coal Power Generation Project 77% Cancellation Incorrect Forecast Cuts Costs], Hani [In Korean]
- "유럽, 잘못된 석탄 수요 예측으로 손해" - 옥스포드대 연구 결과: 영국·네덜란드·독일 등 77%건설 취소, 가치하락 ["Europe, damages by wrong coal demand forecast" - University of Oxford Results: 77% construction canceled, depreciation of UK, Netherlands, Germany], Naeil [In Korean]
- 유럽 석탄발전 건설계획 77% 취소, 韓 같은 실수 않을 것 [European coal-fired power plant construction plan canceled 77%], e2 News [In Korean]
- 옥스포드대 벤 칼데콧 박사, 문재인 정부의 '탈석탄' 정책 긍정 평가 [Oxford vs. Ben Caldecott, Moon Jae-in Government Positively Assesses 'De-coal' Policy], Bridge Economy Newspaper [In Korean]
- "유럽 석탄화력 과신, 재앙으로 이어져"...옥스포드 연구팀, 유럽 시행착오 참고해야 옥스포드대 스미스스쿨 “유럽 전력사들의 석탄에 대한 확신, 역효과 냈다” ["European Coal-fired power leads to disaster," … Oxford research team, Europe trial and error note Oxford-Smith School "Confidence in coal of European power companies, counterproductive"], Green Economy [In Korean]
- Report: European utilities undermined by misjudged coal plant plans, Business Green
- Aviva Investors demands greater climate change disclosure, Financial Times
- Mayor's Divestment Pledge '100 percent' Does Not Commit London to Divest from Fossil Fuels, DeSmog UK
- Banks And Insurers Support Task Force Recommendations On Climate-Related Financial Disclosure, Forbes
- Can the AIIB support Asia's energy revolution? Eco-Business
- Bank of England confirms climate risk review for banking sector planned, Business Green
- AIIB may consider lower-carbon infrastructure projects, raising concerns, Global Times
- Bank of England to probe banks' exposure to climate change, Financial Times
- Investors move to limit impact of climate change on their portfolios, Pensions & Investments
- Gigantisk investeringsselskap: - Denne bransjen er død, E24
- Connecting Climate Resilience to the Bottom Line, Stanford Social Innovation Review
- The fossil fuel divestment trend has a dangerous reality, City A.M.
- UK sees first day of power without old king coal, The Times
- UK generates a day's electricity without coal, Financial Times
- RWE and CEZ worst prepared for move to low-carbon economy, Financial Times
- Timelapse video showing stranded assets and cumulative emissions from China's current and planned coal plants, YouTube
A new timelapse video showing stranded assets and cumulative emissions from China's current and planned coal plants from the Sustainable Finance Programme at the Smith School of Enterprise and the Environment, University of Oxford.
- Action needed to avoid climate change leaving insurance industry with 'stranded assets', The Actuary
- Lloyd's warns industry of stranded assets on global scale, Insurance Business Magazine
- Beware stranded assets, insurance industry warned, CIR Magazine
- Stranded assets warning from Lloyd's, Reactions
- How the world can finance the Sustainable Development Goals (SDGs). Business Commission
- Church of England launches climate change ranking, Financial Times
- US energy giant GE backs states going own way on renewables, The Sydney Morning Herald
- Donald Trump Wants to Revive the Coal Industry While Canada Plans to Phase it Out, Newsweek
- Canada vows to phase out dirty coal power by 2030, BusinessGreen
- Canada Phases Out Coal As Donald Trump Aims To Revive It In U.S., Huffington Post
- IPE Scholarship Fund makes double award to support retirement research, Investment & Pensions Europe
- Oxford Smith School becomes an Knowledge Partner to new OECD Centre on Green Finance and Investment
- Elizabeth Harnett, currently a Research Assistant and DPhil student at the Sustainable Finance Programme at the Oxford Smith School has been awarded the 2016 Finance and Sustainability European Research Award for Best Master's Thesis
- Could asset level data offer a better way to assess climate risk than disclosure?, BusinessGreen
- Asset Level Data Can Better The Assessment Of Environmental Risk Report Says, Blue & Green Tomorrow
- 'Stranded asset' focus on environmental risks in region, The Nassau Guardian
- Existing coal, oil and gas fields will blow carbon budget, Climate Home
- BBC interview with Ben Caldecott, BBC Business Live
Ben Caldecott, Director of the Sustainable Finance Programme at the Oxford Smith School, is interviewed live on BBC Business Live on climate change, business, and the Paris Agreement.
- China Seen Investing Too Much in Power Plants That Burn Coal, Bloomberg Markets
- Global coal power plans fall in 2016, led by China, India: study, Reuters
- Spotlight: Experts laud China-U.S. leadership in climate action, call for EU action, New China
- Spotlight: Experts laud China-U.S. leadership in climate action, call for EU action, CCTV News
- G20 reaffirms climate commitments - but dodges deadlines, Guardian Environment Network
- G20 vows to scale up green financing in pursuit of 'cleaner energy future and sustainable energy security', Business Green
- Analysis: Is agriculture/food production the next stranded asset? Investors start to grapple with the 'externalities' of food production, Responsible Investor
- CDP, Oxford University working on asset-level climate risk data initiative, Responsible Investor
Oxford University's Smith School of Enterprise and Environment is pushing for a new asset-level data initiative to help investors assess climate-related risks. The initiative is in the process of being developed in partnership with Stanford University and environmental data group CDP, among others.
- Pensions See Increased Risk in Fossil Fuel Stocks, VOA News
- Crude Ambitions, Renewable Energy Focus
- Japan doubles down on coal power as trading houses curb investment, Reuters
- Danish pension scheme threatens to blacklist coal companies, Financial Times
- Mounting Risks Of Impairments Globally In Coal Investments, ValueWalk
- The G7 Summit: A Paris Agreement Litmus Test - Huffington Post
- Axa stubs out €1.8bn tobacco investments - The Telegraph
- Study: Most fossil fuels unburnable without carbon capture - Carbon Brief
- Scrap group CO2 data for physical asset info, think-tank tells Financial Stability Board: Two Degrees and Oxford Smith School report suggests new reporting model - Responsible Investor
- ＣＯ２貯留の大規模実証試験、４月に開始－北海道苫小牧沖で - Bloomberg
- Japan's coal-fired plants 'to cause thousands of early deaths' - The Guardian
Greenpeace slams 'insane' plan for dozens of power plants, with huge implications for air quality and climate change
- La politique énergétique du Japon l'expose à une dépréciation de 80 milliards $ d'actifs - Ecofin
- Coal Spending in Japan Risks Stranding $57 Billion of Assets - BloombergBusiness
Utilities and other companies in Japan pushing ahead with new investments in coal-power plants risk creating 6.22 trillion yen ($57 billion) of stranded assets amid shifts in energy policy and the economics of power generation, according to a study by Oxford University's Smith School of Enterprise and the Environment.
- Study: Japanese coal expansion plans facing $56bn stranded asset risk - BusinessGreen
Planned fleet of new coal-fired power stations would massively exceed current capacity requirements, according to University of Oxford research
- Japan warned of flaw in coal-fired power plant project - Financial Times
Japan's plans for a massive expansion of coal-fired electricity generation are based on flawed projections and risk saddling the country with more than $60bn of "stranded" assets, a new report has warned.
- Sovereign funds ignore climate risk - Attracta Mooney, Financial Times
- Water-Related Risks Strand $Billions in Energy, Mining, Power Projects - circle of blue
- Dodgy units aside, we could make money from ETS credits - Carbon News
- Warning for investors, not just environmentalists, in fossil fuel spending - CBC (Canada), Don Pittis
- Why fossil fuel power plants will be left stranded - Financial Times
- Climate change will wipe $2.5tn off global financial assets - The Guardian
- New study warns on probability that '2°C capital stock' will be reached in 2017
- Gas Strategies Interview: Ben Caldecott, stranded assets programme director, University of Oxford - Gas Strategies
Ben Caldecott, Director of the Sustainable Finance Programme at the Oxford Smith School gave an interview with Gas Strategies on the future of the energy landscape. See here or download here
- Japan Plans Biggest Test of Carbon Capture North of Quake Site - BloombergBusiness
- New CCS tech is not enough for breakthrough - Natural Gas Daily
- Climate risks could wreak havoc on financial markets, EU watchdog warns - The Guardian
- Where Does The Carbon Come From? - Forbes
- Divestment Campaigns: Bottom-up Geo-Economics - European Council on Foreign Relations - European Council on Foreign Relations
Atif Ansar and Ben Caldecott contributed an essay on fossil fuel divestment to a collection of essays entitled "Connectivity Wars: Why migration, finance and trade are the geo-economic battlegrounds of the future", edited by Mark Leonard and published by the European Council on Foreign Relations.
- Australian coalmines are one of riskiest investments in the world - report - The Guardian
Australian thermal coalmines are some of the riskiest in the world for investors because of their exposure to environmental dangers, according to a report from Oxford University.
- Australia's coal-fired power stations at risk of 'death-spiral' - report - The Sydney Morning Herald
- Australian coal 'high risk' on exports, green tape - Financial Review
- Coal mines ranked 'high risk': report - SBS
- Australia, Germany, Japan at high environmental risk due to reliance on coal - report - Mining.com
- Coal mines ranked 'high risk': report - Sky News
- Coal-burning countries at risk from 'utility death spiral' amid another bleak week for the fossil fuel - BusinessGreen
- Report on environmental risks in the value chain of thermal coal - Norges Bank
- Research backed by Norges Bank reveals most environmentally-risky coal firms - Environmental Finance
- 能源投资：环境风险与机遇都在哪? - Sohu.com
- 能源投资环境风险在哪？机遇在哪 - News.315.com.cn
- Bloomberg unveils crack team to assess global climate risk - Climate Home
Ben Caldecott, environmental economics expert at Oxford University, listed some "significant failures" of the current system: only some companies disclose data each year; it is often inaccurate, irrelevant or out of date; and much time is spent form-filling and verifying data under a range of systems. "The FSB has brought together an impressive collection of key people and organisations able to identify and push forward much-needed reforms," he said.
- Bloomberg appoints top executives to climate risk task force - Business Green
The appointments were welcomed by key figures in the green finance sector. Ben Caldecott, programme director at the Smith School of Enterprise and the Environment at the University of Oxford, said there were "significant failures" in the way that companies currently report climate risk. "The current reporting paradigm - where only some companies annually disclose data; where reported data might not be relevant for assessing the environmental performance of assets; where reported data may be inaccurate and out of date; where companies have to spend a significant amount of time filling in forms for different reporting systems; and where third parties spend significant effort trying to assure reported data - could be very significantly improved," he said in a statement.
- FSB reveals big hitters behind new climate change task force - Environmental Finance
Ben Caldecott, programme director at the Smith School of Enterprise and the Environment, University of Oxford, added: "The task force has a unique opportunity to help correct some significant failures in the way that companies currently disclose data on environmental performance. The current reporting paradigm - where only some companies annually disclose data; where reported data might not be relevant for assessing the environmental performance of assets; where reported data may be inaccurate and out of date; where companies have to spend a significant amount of time filling in forms for different reporting systems; and where third parties spend significant effort trying to assure reported data - could be very significantly improved."
- Analysts: Chinese coal consumption drops five per cent - blue&green tomorrow
Slowdown in economic growth rates couple with massive clean energy investment to ensure continued fall in Chinese coal market
- China's Coal Imports: Slowest Rate of Growth Since 1998 - blue&green tomorrow
China reports electricity demand grew just 0.5% year on year (yoy) to 5,550TWh in calendar 2015, the slowest rate of growth since 1998. With a significant increase in non-thermal electricity generation (nuclear, hydro, wind and solar), coal fired power generation declined by an estimated 4% yoy and coal consumption is estimated to have fallen 5% yoy, building on the decline reported in 2014.
- Carbon capture at risk of running out of steam - Financial Times
- Protected Areas urged to better identify economic value they bring - businessGreen
- COP21 Paris talks: Carney weighs in on fossil fuel pollution - Financial Times
- Ben Caldecott, Founder and Director of the Oxford Stranded Assets Programme speaks about UK solar subsidy cuts - BBC News at 10. See from 21:40 mins in.
- Renewable Energy sells to BlackRock after government squeeze - Financial Times
- EF BRIEFS: Goldman Sachs, Moody's, Oxford SSEE - Environmental Finance
- Prince Charles in plan to help investors take polluting firms to court - The Guardian
Commonwealth Climate and Law Initiative will lay out risks to financial returns amid increasing government curbs on emissions.
- Commonwealth Company Directors in Spotlight Over Climate Change Liabilities - blue&green tomorrow
Legal liability risks from climate change for British, Australian, Canadian and South African company directors and pension fund trustees will be assessed under a new Commonwealth Climate & Law Initiative (CCLI) launched during the Commonwealth Heads of Government meeting in Malta today today.
- Prince Charles backs far-reaching climate change legal liability risks project - Responsible Investor
New 'Commonwealth Climate & Law Initiative' unveiled.
- Financial Stability Board proposes global climate risk task force - businessGreen
- Does Divestment Work? - The New Yorker
Beginning in the early nineteen-eighties, students on college campuses across the U.S. demanded that their universities stop investing in companies that conducted business in South Africa, in protest of the apartheid system. As an example of social activism, the campaign was a phenomenal success: by the end of the decade, about a hundred and fifty educational institutions had divested. But did the campaign succeed in pressuring the South African government to dismantle apartheid?
- Breaking the Tragedy of the Horizon - climate change and financial Stability - Speech given by Mark Carney, Governor of the Bank of England on 29 September 2015
The Smith School of Enterprise and the Environment at the University of Oxford, and the Oxford Martin School's Safe Carbon Investment Initiative, warmly welcomes Governor Carney's speech on climate change at Lloyd's of London and the accompanying Bank of England report on climate change and insurance. The Smith School was one of a number of signatories to an open letter to the Bank of England on this issue back in January 2012 and we are glad to see that this important topic has gained traction and attention. In addition, Ben Caldecott, Director of the Smith School's Stranded Assets Programme has been collaborating closely on these topics with the Bank of England and the Prudential Regulation Authority as an Academic Visitor. We are proud to have been able to contribute to the development of this research agenda via our own research leadership, but also by supporting the work of other institutions in the UK and internationally.
- Financial gatekeepers are blocking green investment - study - RTCC
Investment consultants are holding back finance into low carbon sectors by failing to consider the long term, according to a study from Oxford University.
- Lack of diversity on boards of US oil firms 'increases risk' of bad investments - The Guardian
Oxford University study finds boards with fewer women and foreign nationals susceptible to making poor investment choices over risks like climate change.
- Church of England says no to fossil fuels - DW
Last month's papal encyclical on climate change told Catholics to go green. Meanwhile, the Church of England has gone a step further. Anglicans are now also part of the fast-growing fossil fuel divestment movement.
- Joining the movement - DW
In the lead up to the global climate talks in Paris in December, the Church of England has taken a stand on climate change. Joining a fast growing, global divestment movement, the Church of England announced it's pulling its support and money from fossil fuels.
- A $23 Billion Stock Drop Shows India's Rising Water Risks - Bloomberg
About half of the country's 1.26 billion people face potential surface-water supply disruptions, setting the stage for clashes with thirsty industries just as Prime Minister Narendra Modi seeks to make his nation a manufacturing power. And India isn't alone: From Africa to the Americas, surging demand is exacerbating a global water deficit as groundwater diminishes.
- A $23 Billion Stock Drop Shows India's Rising Water Risks - The Sydney Morning Herald
- University of Oxford's Stranded Assets Programme identify coal companies that breach new 30% divestment threshold with the help of MSCI carbon data
The University of Oxford's Smith School of Enterprise and the Environment has combined its data with carbon metrics data from the index and research provider, MSCI, to examine the companies impacted by the Friday 5th June vote by the Norwegian Parliament. The vote will force Norway's $945bn Government Pension Fund Global to divest from coal companies. Mining companies that derive 30% or more of their revenues from coal and power companies that base 30% or more of their activities on coal are affected.
The Smith School and MSCI have identified all the companies globally that exceed these new thresholds. Further analysis will be published later in June, but today the Top 20 listed coal miners and Top 20 listed utilities that breach the 30% threshold are being published. This data will be key for investors taking coal divestment decisions. The Top 20 mining list includes Peabody Energy, Arch Coal, Consol Energy, Sasol, Coal India, and China Shenhua Energy. The Top 20 power company list includes Duke Energy, Southern, Eskom, RWE, and China Hauneng. This list was prepared using data from the new Stranded Assets Database held at the Smith School.
Ben Caldecott, Director of the Stranded Assets Programme at the Smith School said, "The Norwegian vote is a hugely significant development and moves the divestment debate from upstream mining to power generation. The new 30% threshold for divesting from utilities may become a standard that other large investors decide to follow."
- Coal under siege as researchers release Norwegian fund divestment hit list - Business Green
University of Oxford study details the top 40 companies facing divestment from Norwegian pension fund following crucial vote.
- Divestment Won't Hurt Big Oil, and That's OK - New Republic
- Oxford University rules out investing in coal and tar sands - The Guardian
The University of Oxford has ruled out future investments in coal and tar sands from its multi-billion pound endowment, but said it would not divest from all fossil fuels as demanded by thousands of students, academics and alumni.
- Oxford University Limits Its Fossil Fuel Investments - Bloomberg
Oxford University said it would curb some of the most polluting fossil fuel-related investments in its 1.7 billion-pound ($2.7 billion) endowment, making it the most prominent institution to join the growing campaign for divestment from the industry.
- Climate change and the rise of the 'advocacy investor' - GreenBiz
In the absence of large-scale government regulation to force the issue of sustainability with corporate executives, some investors have taken it upon themselves to try to force companies to change. One way these shareholders are advocating change is through filing shareholder proposals or resolutions.
Will carbon cause the next financial crisis? - GreenBiz
- Sunday, Nepal, Church Bells, Fossil Fuels - BBC Radio 4
The Methodists and the Church of England have announced their respective plans to cut investment in fossil fuel companies. Stephen Beer from the Central Finance Board of the Methodist Church and Ben Caldecott of the Smith School of Enterprise and the Environment discuss (from 25.30).
- Church of England wields its influence in fight against climate change - The Guardian
Decision by C of E to sell off investments in tar sands and coal welcomed by campaigners who say religious groups can have a far-reaching impact.
- Oslo has joined the dozens of cities pledging to divest their holdings in the fossil fuel industry - CityMetric
- Investors' climate change 'gamble' exposed
Nearly half of the world's biggest investors have been accused of failing to protect their portfolios from climate change and of "gambling" on companies heavily exposed to environmental risks.
- Materiality matters: why don't companies have to disclose sustainability risk? - GreenBiz
Given that disclosure of financial risk always has been a difficult mandate for publicly-traded companies, requesting the voluntarily disclosure of sustainability risks may seem like a nearly Sisyphean task.
- Nearly half of top pension funds gambling on climate change - The Guardian
Index produced by thinktank shows just under 50% of investors take no measures to protect assets from expected climate-related market shifts.
- HSBC outlines four ways to divest from fossil fuels - The Carbon Brief
Carbon Brief looks at which investors are most at risk from the possible devaluation of the fossil fuel industry, and the different strategies that they can take to protect themselves.
- Fossil fuel campaigners play charades - The Financial Times
Why should funds listen to a protest that is not taken seriously by the activists themselves?
- Is BP's shareholder resolution really an "activist victory"? - The Carbon Brief
Climate campaigners celebrated on Thursday as 98% of shareholders backed a resolution forcing BP to come clean about the impact that climate change will have on its operations. BP is a company which emits about the same volume of greenhouse gases as Norway. It has advocated for a global economy-wide price on carbon, yet also scaled back its investments in renewable energy. Thanks to the resolution, it will have to be more transparent in the future about how it plans to move towards a greener business model.
- Shell's BG Bid Underscores Climate Strategy - EI New Energy
While the primary motivation for Royal Dutch Shell's bid for BG last week may have been short-term concerns, such as shoring up reserve replacement levels and cash flow, it also underscores one of the main pillars of the Anglo-Dutch supermajor's long-term climate change strategy - to supply more natural gas as a cleaner-burning alternative to coal.
- Studietur førte til global klimabevægelse - Information
- Fossil fuel-free funds outperformed conventional ones, analysis shows - The Guardian
Investors who dumped holdings in coal, oil and gas earned an average return of 1.2% more a year over last five years, data from the world's leading stock market index reveals.
- Australian Greens: PM 'caught out' over polluting plants - Anadolu Agency
Oxford report finds Australia's subcritical power stations have highest carbon emissions of any major country.
- Investment consultants told to 'man up' on stranded assets - The Financial Times
Companies in the mining, oil and gas sectors are ignoring a big risk to their valuations and predictions of future revenue.
- As more countries turn against coal, producers face prolonged weakness in prices - The Economist
Cheap energy matters most to poor people, and the coal industry's hopes have rested on emerging economies burning the black stuff to fuel their modernisation. But growing energy efficiency, rising pollution worries and stiffer competition from other fuels mean that in most countries the tide is turning against coal.
- Australia's most polluting power stations pose risks to economy and environment, Oxford research says - ABC News
New research from Oxford University has named Australia's most polluting coal-fired power stations and warns of the risks they pose to the economy and the environment.
- A burning issue for energy investors - ABC News
As the Australian government and opposition continue to debate the RET. Oxford University researchers have sounded a warning to investors in fossil fuel fired power. They say Australia's most polluting coal-fired power stations, owned by providers like AGL Energy, Origin Energy and Delta Electricity are at risk of losing their value.
- Australia's subcritical coal-fired power stations proving risky for investors - The Sunday Morning Herald
Australia's most polluting coal-fired power stations, owned by providers like AGL Energy, Origin Energy and Delta Electricity, are on the way to becoming devalued assets due to their carbon intensity, a University of Oxford report says.
- A University of Oxford study has named Australia's most polluting coal-fired power stations - Business Insider Australia
Australia's most polluting and inefficient coal-fired power stations, and their owners, have been named in a study by researchers at the University of Oxford.
- India Third Least Efficient Coal-Fired Power Generating Nation: Report - Economic Times India
According to a research by Stranded Assets Programme at the University of Oxford, 39 per cent of total global "sub-critical" capacity is located in China, 21 per cent in the US, and 9 per cent in India.
- 90% of Australian coal plants rated 'at risk' in stranded asset report. - Renew Economy
As debate reignites over the economic and environmental viability of developing new mega-coal mine projects in Queensland's Galilee Basin, a new report out of Oxford University has identified the world's coal-fired power stations most at risk of becoming 'stranded assets'. On many levels, the result is not good news for Australia.
- One-fifth of world's worst coal plants are in U.S - RTCC
Many of China's dirtiest coal plants could be forced to close early as regulations to curb greenhouse gases, air pollution and water stress tighten.
- US and Chinese companies dominate list of most-polluting coal plants - The Guardian
The 100 global power companies most at risk from growing pressure to shut highly polluting coal plants have been revealed in a new report from Oxford University.
- Chinese, U.S. power firms top inefficient coal plants list - Reuters
Chinese and U.S. firms generate the most electricity from inefficient coal-fired power plants that pump out more greenhouse gases and use more water than newer power stations, a study said on Friday.
- One-fifth of world's worst coal plants are in U.S - CBS News
Article discussing the latest Stranded Assets Programme report on Subcritical Coal.
- Oxford University considers stopping investment in profitable fossil fuel companies - BBC World Business Report
Interview with Ben Caldecott, Director of the Stranded Assets Programme at the Smith School - from 14:20 mins.
- Oxford Weighs Scrapping Fossil Fuels From Endowment - Bloomberg
Oxford University will consider Monday whether to become the most prominent academic institution to join a growing movement in favor of divesting from publicly traded fossil fuel companies.
- Climate fight won't wait for Paris - The Guardian
In the third piece in the Guardian's major series on climate change, Bill McKibben describes how relentless climate movements have shifted the advantage towards fossil fuel resistance for the first time in 25 years. But he argues triumph is not certain - we must not rest till the industry is forced to keep the carbon in the ground.
- 10 myths about fossil fuel divestment put to the sword - The Guardian
As environmentalist Bill McKibben lays out the case for divesting from coal, oil and gas companies, The Guardian examinse some of the popular myths around fossil fuel divestment.
- Economics: Support low-carbon investment (Podcast) - Nature
Oxford economist Ben Caldecott discusses whether universities should still be investing in fossil fuels.
- Bank of England warns of huge financial risk from fossil fuel investments - The Guardian
Global action on climate change could cause insurers' investments in fossil fuels to take a huge hit, says bank's prudential regulation authority.
- What has the divestment movement achieved so far? - RTCC
Fossil fuel companies are feeling the pressure from a climate campaign that started in 2011. What has got them spooked?
- Fossil fuel lobby goes on the attack against divesment movement - The Guardian
The speed at which the fossil fuel divestment campaign is growing seems to have rattled its opponents in the coal and oil lobbies. The speed is appropriate given that the campaign, which argues the fossil fuel industry is a danger to both the climate and investors' capital, is the fastest growing divestment campaign yet seen, moving quicker than those against tobacco and apartheid.
- The Best Technology for Fighting Climate Change? Trees - The Atlantic
When people talk about technologies that might offset climate change, they often evoke not-yet-invented marvels, like planes spraying chemicals into the atmosphere or enormous skyscrapers gulping carbon dioxide from the clouds. But in a new report, Oxford University researchers say that our best hopes might not be so complex.
- Scientists Seeking to Save World Find Best Technology Is Trees - Blomberg Business
Oxford University scientists, after a year of research, have determined the best technology to suck carbon dioxide from the atmosphere and try to reverse global warming. It's trees.
- Coal carbon capture could increase future climate risks, study finds - The Carbon Brief
Coal-fired power stations should be replaced by low-carbon energy sources rather than retrofitted with carbon capture and storage (CCS), according to new research from the University of Oxford. he study dents the idea that coal can be compatible with climate action as long as it uses CCS. It says finite CCS capacity should be held in reserve in case negative emissions technologies are needed to return dangerous greenhouse gas concentrations to a safe level after 2050.
- Could planting trees help ease carbon budgets? - Business Green
"No regrets" negative emission technologies could allow 11 per cent more emissions by 2050, says new study, but bulk of fossil fuel reserves would still have to stay in ground.
- The Logic of Divestment: Why We Have to Kiss Off Big Carbon Now - Rolling Stone
As climate-change activists pressure public institutions to dump their fossil-fuel investments, it's becoming increasingly clear that the right thing to do is also the smart thing to do.
- Announcing the 1st Global Conference on Stranded Assets
The University of Oxford's Smith School of Enterprise and the Environment invites researchers and interested practitioners to a major academic conference on stranded assets and the environment on 24th-25th September 2015. As the first international and interdisciplinary conference on the topic, we expect the event to lead to a special issue in a leading journal and result in new research projects, networks, and partnerships.
- Norwegian Pension Fund Global report
Smith School's Working Paper on financial dynamics of environment referenced in Norway's Pension Fund Global report.
- Smith School's Stranded Assets Programme research mentioned on BBC's Newsnight.
SAP research on divestment mentioned by Bill McKibben on 3rd November edition of Newsnight. (Watch it from 27:19 - 35:31).
- Five things to know about fossi-fuel divestment - China Dialogue
Campaigns to persuade institutions to withdraw investments from the fossil-fuel sector are gaining momentum. So what do you need to know?
- Fossil Fuel Divestment: A brief History - The Guardian
As Glasgow becomes the first university in Europe to divest from fossil fuels, The Guardian takes a look at the key moments in the movement's history.
- Glasgow becomes first university in Europe to divest from fossil fuels - The Guardian
University court votes to divest £18m from fossil fuel industry in what campaigners call 'dramatic beachhead'.
- Rockefeller family abandons oil legacy with fossil fuel divestment - Campden FB
The Rockefellers, a family synonymous with oil and wealth in the US, are among a coalition of ultra wealthy investors that have today announced they will divest $50 billion in fossil fuel assets.
- Toil for Oil Spells Danger for Majors
New report by SAP's Visiting Research Associate Mark Lewis and Kepler Cheuvreux explores implications for oil majors and how unsustainable dynamics might require them to become 'energy majors'.
- Climate activism's new frontier is targeting fossil fuel investors - Sydney Morning Herald
- Scottish independence could see exit of Green Investment Bank - Green Wise Business
The prospect of an independent Scotland is calling into question the future of the UK Green Investment Bank and how Scottish green infrastructure projects will be funded going forward.
- Don't get left holding the bag (or the oil can) - CampdenFB
Piece featuring SSEE's Stranded Assets Programme with comments by Ben Goldsmith and others.
- Rise of renewables adds to need for gas power - Financial Times
Piece featuring SSEE's work on rise of renewables in EU and capacity mechanisms.
- Fossil fuel divestment should be taken seriously - Boston Business Journal
Opinion piece on the fossil fuel divestment movement in Massachusetts.
- Pension funds urged to publish climate risks - The Financial Times
There are growing calls for pension funds to publish their carbon exposure as concern builds over the long-term investments risks of carbon-intensive portfolios. Peter Norman, Sweden's minister for financial markets, says he wants global pension funds to "published their carbon footprint". He hopes that increasing transparency will leads to a more "thorough and direct" discussion about the risks.
- Keep the climate, change the economy - The Guardian
The UN says we need to make a 'massive shift' to renewables to curb climate change. How can we encourage investors?
- Under fire Australian miners look to repair their image - Financial Times
Success of campaigns against business plans which damage environment threatens project funding for new schemes to develop mineral resources.
- Ben Caldecott quoted in China Energy News
Stranded Assests Programme Director Ben Caldecott's Op-ed on Stranded Assets for the China Energy News.
- Are Australia's coal reserves at risk of becoming stranded assets?
Interview with Ben Caldecott for Australian Ethical Investment.
- Can Harvard be on the 'wrong side of history'? - ClimateWire
On Thursday, May 1, at around seven in the morning, 20-year-old college student Brett Roche was placed in handcuffs. His crime: standing in front of a door. But it wasn't just any door. It belonged to Harvard University and led to the office of its president, Drew Gilpin Faust. Roche's decision to defy orders from campus police to "move out of the way" was just one of many actions taken as part of a growing global movement that is calling on educational and religious establishments, cities and states to divest their finances from fossil fuels.
- Are Oil and Gas Reserves an Econominc Curse or Cure - The Times
When governments and other national stakeholders take control of oil and gas reserves, there can be disadvantages as well as the seemingly obvious advantages.
- ABC Radio National's Big Ideas Programme
Lecture by Ben Caldecott, Director of the Stranded Assets Programme is broadcast on the Australian Broadcasting Corporation's Radio National. John Hewson, former Leader of the Australian Liberal Party and Jemma Green, Research Fellow at Curtin University also speak. Show presented by Paul Barclay. Measures to offset the impact of climate change are likely to reduce demand for fossil fuels. So is it wise to continue to invest in fossil fuels or will they end up as stranded assets with a huge loss in value? Investment analysts discuss the need for governments and private companies to manage environment-related risks. Listen to the Programme.
- Raj Thamotheram: the fossil fuel divestment debate: Is there a consensus way forward? - Responsible Investor
First in a trilogy of articles examining the growing divestment campaign and where it could lead.
- Desmond Tutu calls for anti-apartheid style boycott of fossil fuel industry - The Guardian
Nobel peace prize winner calls for organisations to cut ties with industry and for investors to dump fossil fuel stocks.
- An Open Letter
On Thursday 10 April faculty members at Harvard University published an open letter to President Drew Faust and the University's Fellows, expressing frustration with the president's dismissive statements on divestment, and demanding that the University, "divest, as soon as possible, its holdings in fossil fuel corporations."
- The oil industry is not only hurting the environment - it's a bad investment, too - The Week
A new movement to divest from Big Oil focuses on the industry's wobbly business model.
- Monash University correspondence reveals secretive attitude over fossil fuel investments - The West Australian
Confidential correspondence between senior Monash University executives shows a secretive attitude on how much money the university is making from fossil fuel investments.
- Coal's $1.8 trillion bad joke - Macrobusiness
- Coalminers starting to count the cost of activist pressure on funding - The Sydney Morning Herald
Campaigns to get banks and big funds to drop their support for fossil fuel enterprises are gathering momentum and are likely to increasingly lead to reputational damage for coal miners, says an Oxford academic.
- Coalminers starting to count the cost of activist pressure on funding - The Canberra Times
Campaigns to get banks and big funds to drop their support for fossil fuel enterprises are gathering momentum and are likely to increasingly lead to reputational damage for coal miners, says an Oxford academic.
- Monash letters reveal secretive attitude over fossil fuel investments - ABC LateLine
Victoria's Monash University says it's committed to reducing its carbon emissions but confidential correspondence between its senior executives reveals a secretive attitude when it comes to how much money Monash is making from fossil fuel investments.
- First shots fired in mining battle - Australia Financial Review
The decision to loose the Minerals Council on the coal problem says only that the campaign to undermine community, investor and government confidence in Australia's second biggest export industry is beginning to develop potentially debilitating momentum.
- Coalminers starting to count the cost of activist pressure on funding - The Age
Campaigns to get banks and big funds to drop their support for fossil fuel enterprises are gathering momentum and are likely to increasingly lead to reputational damage for coal miners, says an Oxford academic.
- Australian coal investments at risk of becoming 'stranded assets' - ABC Radio National Australia, radio interview with Fran Kelly
Australia is the world's largest exporter of coal, with a boom over the past decade as black coal exports rose by more than 50 per cent. While prices have slumped over the last two years, plans remain on the books which would more than double Australia's coal exports by 2020. But is proposed investment in new Australian coal projects at risk of becoming a series of 'stranded assets'?
- Fossil fuel campaigns to plague miners - Australian Financial Review
Fossil fuel divestment campaigns are gathering momentum and are likely to increasingly lead to reputational damage for coal miners, as well as increased financing costs, according to Ben Caldecott, director of the Stranded Assets Program at Oxford University.
- Could the Global Economy Be Facing a Carbon Bubble? - Time
Three new studies released this month lent weight behind the increasingly popular idea that funneling money into fossil fuels is not only harmful for the environment, it's also potentially calamitous for the global financial system.
- Norway spurs rethink on fossil fuel companies - Financial Times
Norway's decision to set up an expert group to see if its $840bn oil fund should stop investing in fossil fuel companies has triggered a wave of speculations since it was announced last week.
- Protesters slam fossil fuel industry - The New Zealand Herald
Campaigners are out to hit the fossil fuel industry where it hurts, by making it an unacceptable place to invest.
- Lessons from European Utilities: Wires Have What It Takes - Investing Daily
While energy utilities are in the early stages of a transformation wrought by regulatory demands and revolutionary technologies, we recognize that those who already depend on income investments can't afford to stand by until clear winners emerge from the process of creative destruction.
- Is the public blind to "carbon bubble" risk? - Business Green
Survey finds low levels of awareness of "carbon bubble", despite widespread concern about investment risk.
- Are the economics and ethics of fossil fuel divestment aligning? - RTCC
Divestment movement needs to explain why fossil fuel investments will end in financial disaster.
- European utilities "ditched €6bn of gas plant last year" - Business Green
Smith School study calls on governments to revamp their energy policies to ensure utilities can cope with low carbon transition.
- Utilities Shut 12% of Europe Gas Plants, Oxford Study Shows - Bloomberg
Ten of Europe's biggest utilities mothballed 21.3 gigawatts of gas-fed stations last year, or 12 percent of Europe's generation fleet, as plants lost money for a second year, according to an Oxford University study.
- 2013: the year the divestment campaign took flight - RTCC
For climate activists, 2013 will be remembered as the year that divestment shed its indie skin and hit the mainstream.
- Australia facing slump as China 'goes green' - Ecologist
Australia has been growing rich from exporting coal to China. But as Kieran Cooke reports, China's renewable energy revolution may soon bring the 'good times' to an end.
- China's coal crackdown could leave Australian mines stranded Down Under - Business Green
A predicted slowdown in China's appetite for coal could have dire consequences for Australian mines, according to the latest research by University of Oxford's Stranded Assets Programme.
- Coal's grim forecast: projects may be 'stranded' by falling Chinese demand - The Guardian
A string of projects to create some of the world's largest coalmines in Australia risks becoming financially unviable due to falling demand from China, a new report by the University of Oxford has warned.
- Palmer and Rinehart's coal mine expansion queried by Oxford report - The Sunday Morning Herald
Coal projects planned by some of Australia's biggest mining magnates and port developments backed by the federal government may be delayed or become unviable because of sagging demand for the resources from China, an Oxford University study has found.
- Australian coal investments at risk of becoming 'stranded assets' - Oxford study says - Mining.com
New research suggests that Australian coal's second-biggest customer, China, could be headed for a coal-free diet.
- Coal mines could be 'mothballed' - Business Spectator
A study by Oxford University looked at how coal demand from China, which accounts for half the world's coal consumption, due to environmental factors could lead to "stranded assets" in Australia. Stranded assets have suffered from unanticipated devaluations.
- College Divestment Movement Takes on Fossil Fuels After Battling Apartheid With Mandela - Time Magazine
Students are trying recapture the fervor that surrounded the anti-apartheid protests for a new goal: getting universities across the country to stop investing in companies that extract fossil fuels.
- Coal Mines could be 'abandoned' - Sky News
New research from Oxford University shows China's changing commodity demands will result in Australian coal mines becoming mothballed or abandoned.
- The Carbon Time Bomb in Your Retirement Account - The Atlantic
A new financial tool lets Wall Street calculate the climate-change risk of investments.
- Bloomberg launches new 'carbon bubble' risk analysis service - Business Green
Financial data giant launches Bloomberg Carbon Risk Valuation Tool to help investors gauge whether fossil fuel assets are at risk of overvaluation.
- Coal holds on while pieces of green puzzle come together - Financial Times.
- Risk of stranded assets prompts debate over engaging or divesting- Pensions & Investments
Pension funds and other institutional investors face new pressure to increase their focus on emerging risks triggered by exposure to what might become 'stranded assets' of oil, coal and other fossil fuel companies.
- Coal Seen as New Tobacco Sparking Investor Backlash: Commodities - Bloomberg News.
- Al Gore tells investors to divest from fossil-fuel assets - FT.com
Former US vice-president Al Gore has today backed a report highlighting the risks to investors of owning carbon-intensive assets. Mr Gore has stressed the need for investors to consider the carbon risk inherent in their investment portfolios, suggesting that investors "divest from carbon-intesive fossil fuel assets".
- UK universities urged to pull cash from fossil fuel giants - The Guardian
- Exxon Mobil's big threat: a calculator - CNBC.com
- Campaign against fossil fuels growing, says study - The Guardian
- Campaigns will damage oil companies' reputations - ABC
- Fossil fuel companies cannot afford to ignore divestment trend - Business Green
- Fossil fuel divestment campaigns can help 'stigmatise' industry - Blue & Green Tomorrow
- Energy: The toll on coal - Financial Times
- Investors in agriculture ignore environmental risks at their peril - The Guardian
- Surge of investment in farming threatens £5trn catastrophe - The Independent
- Agriculture market stoking £5trn asset bubble, study warns - Business Green
- Agriculture assets at 'significant risk' of becoming devalued - report - Environmental Finance
- Agriculture Assets Face $8 Trillion Risk from Climate Change, Water Scarcity - Environmental Leader
- Investment surge in farming could wipe $8 trillion off agriculture value: Study - Business Insurance
- 'Staying afloat when assets get stranded' - Financial Times
- 'Putting Money Where Hungry Mouths Need It - The Times
'Sustainable Agriculture & Food Security' special report distributed in The Times. Article, with comments by Ben Caldecott, explores the many investments opportunities in agriculture and how complexities in food supply chain can create risks.
- 'Putting Money Where Hungry Mouths Need it' - Huffington Post
- Oxford researchers evaluate future investments in high-carbon assets and sectors
On 11 February 2013, the University of Oxford launched a new research programme to help businesses and policy-makers future proof against investments in assets that might become devalued or written off, otherwise known as 'stranded'. Assets become stranded for a number of different reasons: they can be supplanted by greener alternatives or technological innovations; or in sectors experiencing change due to new regulations or resource constraints.
- 'Investors warned over unchanging groups'.- By Pilita Clark, Financial Times Environment Correspondent
Investors should think twice about putting money into especially dirty fossil fuel businesses and other companies at risk from mounting environmental pressures, a former Conservative cabinet minister has warned. "We should look very carefully at investing in companies that don't recognise that the world is changing so fast," said John Gummer, environment minister during the Major government and now known as Lord Deben.
- 'University of Oxford to identify 'stranded' high carbon assets'. - The Guardian
HSBC and Aviva-backed research aims to highlight investments whose value is likely to decline in a low-carbon future.
- 'Focus falls on asset owners' climate risk'. - Financial Times
- 'Investors urged to track ESG risks' - Financial Times.
- 'Carbon bubble: Bank of England's opportunity to tackle market failure' - The Guardian