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Colorado pension fund loses US$2.7 billion by not divesting from fossil fuels

Corporate Knights

Divesting from fossil fuels isn’t just good for the planet. billion in returns over the last 10 years by not divesting from fossil fuels. And in 2018, Ireland became the first country to divest its national investment fund completely from fossil fuel companies. It can be good for financial returns, too.

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All Systems go for Net Zero

Chris Hall

C, and investee companies are not yet facing full scrutiny of their net zero transition strategies, posing challenges for institutional investors committed to decarbonising their portfolios in line with the Paris Agreement. Others might set a target for some or all portfolio companies to be net zero aligned by 2030.

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Rebranded ESG Funds Offer Imperfect Path to Net Zero

Chris Hall

Renaming trend may lead to a short uptick in greenwashing, but ultimately will accelerate the path to net zero and offer sustainable investors more choice. Say for example a [rebranded fund] is divesting from a certain sector, but that sector has a transitional focus, then the fund cannot divest radically.

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Masdar Acquires Renewables Developer Saeta from Brookfield for $1.4 Billion

ESG Today

Masdar Chairman, and UAE Minister of Industry and Advanced Technology, HE Dr Sultan Al Jaber, said: “Representing one of Spain’s largest renewable energy transactions, this landmark deal with Brookfield Renewable builds on Masdar’s strong growth story, demonstrating our commitment to the EU’s wider net zero by 2050 target and unlocking new capacity.”

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Investing in Transitional Issuers

Chris Hall

Since early 2018, the West’s six biggest oil majors have disposed of US$44 billion in predominantly fossil fuel assets. Pressure to divest is commonly applied by ESG-conscious investors who no longer want to be associated with these companies or fund them. The post Investing in Transitional Issuers appeared first on ESG Investor.

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Glencore Abandons Coal Demerger at Investors’ Request

Chris Hall

Divest or wind down? Rio Tinto , meanwhile, sold its last coal mines – both thermal and metallurgical – in 2018, and now produces no fossil fuels. By 2035, it has committed to halve its Scope 1, 2, and 3 emissions from a 2019 baseline, with goals to hit net zero by 2050.

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2020: Fossil fuels are dead, long live the sun

GreenBiz

Consider this: In April, Royal Dutch Shell, one of the largest companies in the world, announced its intent to become a net-zero carbon company by 2050. Exxon’s 2018 revenues were half of what it made a decade earlier; in 2019, it was only $14.3 Is that possible? Last year, no fossil company made the top 10 list.