2019 Divestment Year In Review
$11 trillion in divestments! That’s the grand total movement away from fossil fuels as of end-of-year 2019.
BlackRock
Hints of EV Revolution Rising
Just after Thanksgiving in late Nov 2018, General Motors (GM) announced that it was shutting down 5 factories and laying off 14,800 employees. While President Trump expressed his disapproval, the stock market approved, giving GM’s stock a modest boost. While the layoffs made headlines, many reporters, and readers, missed the prime reasons for the announced factory closures.
Much Of Tesla’s Stock Is Held By Institutional Investors. Why Do Short Sellers Claim Otherwise?
Many of the talking points used by those short selling Tesla’s stock revolve around the idea that the company’s stock is largely held by individual investors who don’t understand that the company: is (permanently apparently) on the verge of collapse; is actually in need of funding that it says it doesn’t need; and/or doesn’t make the margins on the cars it sells that it reports it does.
BlackRock CEO Calls For Social Justice In Corporate Culture
Laurence Fink, CEO of Black Rock, an investment firm with over $6 trillion in assets under management, has written a letter telling corporate CEOs they must be socially responsible or risk losing their social license to operate.
Largest Investors In Utilities Are Voting Against Climate Risk Disclosure
Exxon Mobil shareholders earlier this year successfully voted to demand climate risk disclosure in a move which was widely held as a bellwether for similar moves across the sector, but a new report from Preventable Surprises has revealed that some of the largest investors in utilities are voting against climate risk disclosure, preferring private engagement over public proxy votes.
Lightsource & BlackRock Enter Into £1 Billion “Kingfisher” Solar Acquisition Partnership
Asset manager BlackRock and solar energy firm Lightsource announced this week that they have entered into a partnership together expected to be worth £1 billion, targeting the acquisition and ownership of UK solar power generation assets, with a total target value of 1 GW.
BlackRock Investment Fund Will Include Climate Change As Risk Factor For Portfolio
Originally published on Energy Post. By Fereidoon Sionshansi BlackRock, the world’s largest private investment fund, has announced that it will include climate change as an important factor in how it assigns risks to its investment portfolio, writes Fereidoon Sionshansi, president of Menlo Energy Economics and publisher of the newsletter EEnergy Informer. According … [continued]
Investors & Scientists Join Forces On Explaining Climate Risk
Norway’s foremost institute for interdisciplinary climate research has launched a new initiative pairing scientists with leading investors to better explain climate risk. The Center for International Climate and Environmental Research – Oslo (CICERO) has launched the Climate Finance Initiative, “a meeting place for climate scientists and leading global investors to … [continued]
World’s Largest Investor, BlackRock, Eyes Green Bonds Market, Partners With Climate Bond Initiative
The prospects of spectacular growth in the global green bonds market has attracted more and larger investors. The latest large investment house to join the green bonds crusade is BlackRock. The world’s largest investor has partnered with the Climate Bonds Initiative to support the development the global green bonds market. BlackRock … [continued]
