![]() ![]() “The idea has been that you had to sacrifice return but that is not true,” he said. “Determining where this capital is spent needs to be an important issue for investors, otherwise there is going to be a lot of capital wasted in coming years on developing fossil fuel reserves that cannot be burned.”īraman said FFI’s analysis showed that investors divesting from fossil fuels in recent years would not have lost money. “The lists show that fossil fuel energy investment decisions are actually concentrated in a small number of companies,” said Leaton. James Leaton, at the Carbon Tracker Initiative, which produced the first list of 200, said concerned investors could focus on an increasingly small number of companies. The World Bank and Bank of England have both warned that international action on climate change could leave many fossil fuels assets worthless, potentially losing investors trillions of dollars. Braman said the carbon reserves were becoming more concentrated at the top as fossil fuel companies struggling with slumps in coal and oil markets merged. The FFI data shows that the top 10 coal companies alone own over half the carbon in the list, while the top 10 oil and gas companies own two-thirds of the carbon in those fuels. Both MSCI and FTSE, major providers of financial indexes, have also created fossil-free or low-carbon indexes in response to demand from investors. “While the world’s carbon budget goes down every year, as more and more CO2 is spewed into the atmosphere, the potential emissions are going up,” said Stuart Braman, founder and CEO of FFI, who spent 20 years in the financial services industry with Standard and Poor’s. Western fossil fuel giants including ExxonMobil, Shell, BP, BHP Billiton and Anglo American all appear in the top 10. Coal India tops the coal list with Gazprom heading the oil and gas list. The rise in carbon reserves is revealed in a list of the top 100 traded coal companies and top 100 oil and gas companies produced by Fossil Free Indexes (FFI), a US company. The Guardian is running a campaign asking the world’s two biggest health charities, the Bill and Melinda Gates Foundation and the Wellcome Trust, to divest from fossil fuels. All rights reserved.The 200 companies, which still spend billions a year searching for new reserves, are the focus of a fast-growing divestment campaign, backed by the UN, which is persuading investors to sell off their fossil fuel shares. Other trademarks are property of their respective owners. EquityZen and logo are trademarks of EquityZen Inc. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use. Check the background of this firm on FINRA’s BrokerCheck.Į is a website operated by EquityZen Inc. EquityZen Securities is a broker/dealer registered with the Securities Exchange Commission and is a FINRA/ SIPC member firm.Įquity securities are offered through EquityZen Securities. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform.ĮquityZen Securities LLC (“EquityZen Securities”) is a subsidiary of EquityZen Inc. Investors must be able to afford the loss of their entire investment. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment.
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