Arclight Capital Partners, whose clients include NFL players, Maine teachers, and Mayo Clinic doctors, lost hundreds of millions of dollars betting on a St. Croix oil refinery, Reuters reports. The Limetree Bay refinery was shut down for 60 days by the EPA last month after releasing a cloud of petroleum … [continued]
Barrons reports that the Louisiana State Employees’ Retirement System (LASERS) has bought a large position in Tesla (TSLA), and also added more Apple (AAPL), Microsoft (MSFT), and General Electric (GE) stock in the 4th quarter.
A giant new community solar park initiative is going to make more than 400,000 Danes co-owners in solar parks located in Denmark (around ¾ of them) and Poland (the other ¼ or so).
Global nonprofit ClientEarth has put the United Kingdom’s largest pension funds on notice over its failure to appropriately adapt to increasing climate risk.
A Denmark-based pension fund managing around $46 billion in assets has announced that it will now exclude 35 prominent oil and natural gas firms from its investment portfolio, according to recent reports.
New figures suggest that UK local council pension funds lost up to £683 million because of failed investments in coal. According to new calculations by Platform London, and released in conjunction with 350.org, Friends of the Earth, and Community Reinvest, failed investments in coal firms caused by the recent coal crash cost … [continued]
The California State Assembly has passed a bill, SB 185, which will force the state’s two largest pension funds to divest their holdings in thermal coal. SB 185 The bill, which was passed on Wednesday by a vote of 47-27, requires the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement … [continued]
A new report has found that California’s two public pension funds lost over $5 billion over the last year due to investments in the top 200 fossil fuel companies. The report was published by Trillium Asset Management, “the oldest independent investment advisor devoted exclusively to sustainable and responsible investing,” and highlights … [continued]
Two Canadian pension funds have announced an agreement with Spanish banking giant Banco Santander to jointly acquire a portfolio of renewable energy and water infrastructure assets which is valued at over $2 billion. The pension funds, Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board (PSP Investments) will … [continued]
Almost everyone in the media has taken a stab at summarizing, if not snap-judging, the results of Secretary-General Ban Ki-moon’s one-day UN climate summit last week. The meeting had a real name, but Robert N. Stavins in his New York Times runup to the conference was the only writer I … [continued]
