Latest

MIL-OSI Energy: ‘Exxon, once a “perfect machine,” is running dry’

By   /  July 17, 2018  /  Business, Climate Risk, Commodities, Economy, Energy, English, Exploitation, Exploration, Exxon, ExxonMobil, Gas, Global Economy, Industry, Institute for Energy Economics and Financial Analysis, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil industry, Oil Rigs, Open Source Intel  /  Comments Off on MIL-OSI Energy: ‘Exxon, once a “perfect machine,” is running dry’

Source: Institute for Energy Economics and Financial Analysis Wall Street Journal: Exxon faces a number of challenges, including investigations of its accounting and tax practices as well as lawsuits by cities and states seeking funds to pay for the effects of climate change. Its biggest problem is one the giant has seldom faced in its […]

Read More →
Latest

MIL-OSI Energy: Japan’s Nippon Life to end lending for new coal projects

By   /  July 17, 2018  /  Business, Climate Risk, Coal Project Lending, Commodities, Dai-ichi Life, Economy, Energy, English, Exploitation, Exploration, Gas, Global Coal Markets, Global Economy, Industry, Institute for Energy Economics and Financial Analysis, Insurance, Japan, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Nippon Life Insurance Company, Oil, Oil Rigs, Open Source Intel  /  Comments Off on MIL-OSI Energy: Japan’s Nippon Life to end lending for new coal projects

Source: Institute for Energy Economics and Financial Analysis The Asahi Shimbun: Nippon Life Insurance Co. plans to become the first leading Japanese financial institution to reject investments and loans into new coal-fired power generation projects at home and abroad, a company source said July 12. The decision, made by Japan’s largest life insurance company, may […]

Read More →
Latest

MIL-OSI Energy: Ireland to divest fossil fuel investments

By   /  July 14, 2018  /  Business, Climate Risk, Commodities, Divestment, Economy, Energy, English, Exploitation, Exploration, fossil fuel divestment, Gas, Global Economy, Industry, Institute for Energy Economics and Financial Analysis, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Republic of Ireland, Thomas Pringle, Transition  /  Comments Off on MIL-OSI Energy: Ireland to divest fossil fuel investments

Source: Institute for Energy Economics and Financial Analysis The Guardian: The Republic of Ireland will become the world’s first country to sell off its investments in fossil fuel companies, after a bill was passed with all-party support in the lower house of parliament. The state’s €8bn national investment fund will be required to sell all […]

Read More →
Latest

MIL-OSI Energy: Church of England to divest from companies fighting Paris climate accord

By   /  July 11, 2018  /  Business, Church of England, Climate Risk, Commodities, Divestment, Economy, Energy, English, Exploitation, Exploration, ExxonMobil, Gas, Global Economy, Industry, Institute for Energy Economics and Financial Analysis, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Paris accord, U.K.  /  Comments Off on MIL-OSI Energy: Church of England to divest from companies fighting Paris climate accord

Source: Institute for Energy Economics and Financial Analysis Bloomberg: The Church of England took another step in prodding companies to adopt a green strategy, saying its 12 billion pounds ($16 billion) in funds will divest those that aren’t aligning themselves with the Paris Agreement on climate change. The church’s governing General Synod passed a motion […]

Read More →
Latest

MIL-OSI Energy: Swiss Re steps away from coal insurance business

By   /  July 7, 2018  /  Allianz, Business, Climate Risk, Coal Plant Insurance, Commodities, Dai-ichi Life Insurance, Economy, Energy, English, Exploitation, Exploration, Gas, Global Economy, Industry, Institute for Energy Economics and Financial Analysis, Institutional Investors, Insurance, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Swiss Re  /  Comments Off on MIL-OSI Energy: Swiss Re steps away from coal insurance business

Source: Institute for Energy Economics and Financial Analysis Greentech Media: Swiss Re took a step forward this week in its commitment to manage carbon-related sustainability risks and support the transition to a low-carbon economy. As of Monday, the Zurich-based firm no longer provides insurance or reinsurance to businesses with more than 30 percent exposure to […]

Read More →
Latest

MIL-OSI Energy: Six major sovereign wealth funds look for greener future

By   /  July 7, 2018  /  Business, Climate Risk, Commodities, Economy, Energy, Energy Investment Trends, English, Exploitation, Exploration, Gas, Global Economy, Green Investment, Industry, Institute for Energy Economics and Financial Analysis, Lawrence Yanovitch, Low-Carbon Economic Growth, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Renewables, Sovereign Wealth Funds, Transition  /  Comments Off on MIL-OSI Energy: Six major sovereign wealth funds look for greener future

Source: Institute for Energy Economics and Financial Analysis ABC News: The sovereign wealth funds of major oil-producing countries have agreed upon a common roadmap to encourage investments toward a greener economy. The six funds from Norway, United Arab Emirates, Saudi Arabia, Qatar, Kuwait and New Zealand released a joint framework Friday to encourage investors to […]

Read More →
Latest

MIL-OSI Energy: Major investor groups expand climate change target list

By   /  July 4, 2018  /  Business, Climate Action 100+, Climate Risk, Commodities, Economy, Energy, English, Exploitation, Exploration, Gas, Global Economy, HSBC, Industry, Institute for Energy Economics and Financial Analysis, Institutional Investors, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Paris Agreement, Stephanie Maier  /  Comments Off on MIL-OSI Energy: Major investor groups expand climate change target list

Source: Institute for Energy Economics and Financial Analysis S&P Global Market Intelligence ($): A large group of global investors and asset managers have added 61 companies to the list of corporations they will push to take more action on climate change issues. When Climate Action 100+, which is backed by 289 investors with nearly $30 […]

Read More →
Latest

MIL-OSI Energy: Regulators likely to require more climate risk disclosure from Australian coal firms

By   /  June 22, 2018  /  asic, Australia, Business, Climate Risk, Climate Risk Disclosures, Commodities, Economy, Energy, English, Exploitation, Exploration, Gas, Global Economy, Industry, Institute for Energy Economics and Financial Analysis, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, New Hope Group, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Sarah Barker, Whitehaven Coal, Yancoal  /  Comments Off on MIL-OSI Energy: Regulators likely to require more climate risk disclosure from Australian coal firms

Source: Institute for Energy Economics and Financial Analysis Australian Financial Review: ASX-listed companies with high carbon exposures—such as Whitehaven Coal, Yancoal and New Hope Group—will have to ramp up their climate risk disclosures from the brief mentions in past financial statements. Minter Ellison climate lawyer Sarah Barker told The Australian Financial Review that Australian Securities […]

Read More →
Latest

MIL-OSI Energy: U.K. pension funds given OK to divest potentially stranded fossil fuel investments

By   /  June 19, 2018  /  Allianz, AXA, Business, Climate Risk, Commodities, Economy, Energy, English, Exploitation, Exploration, fossil fuels, Gas, Global Economy, Industry, Institute for Energy Economics and Financial Analysis, Institutional Investors, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, stranded assets, U.K., U.K. DWP  /  Comments Off on MIL-OSI Energy: U.K. pension funds given OK to divest potentially stranded fossil fuel investments

Source: Institute for Energy Economics and Financial Analysis The Guardian: Managers of the £1.5 trillion invested in Britain’s workplace pension schemes are to be given new powers to dump shares in oil, gas and coal companies in favor of long-term investment in green and “social impact” opportunities. Government proposals published on Monday are designed to […]

Read More →
Latest

MIL-OSI Energy: New England utility National Grid aims for 80% CO2 cut by 2050

By   /  June 19, 2018  /  Business, Climate Risk, CO2 Cuts, Commodities, Economy, Energy, English, Exploitation, Exploration, Gas, Global Economy, Industry, Institute for Energy Economics and Financial Analysis, MIL Oil-Energy Sector OSI, MIL OSI, MIL OSI Economics, Mining Sector, National Grid, New England, News, Newsletter Daily, Newsletter News Weekly, Oil, Oil Rigs, Open Source Intel, Transition  /  Comments Off on MIL-OSI Energy: New England utility National Grid aims for 80% CO2 cut by 2050

Source: Institute for Energy Economics and Financial Analysis Utility Dive: New research from RMI last week illustrates that broad decarbonization will require efforts across many sectors, including shifting building heat to electric. National Grid’s 80×50 strategy takes a similar approach, calling for “three big shifts in our energy systems” that could reduce emissions 40% by 2030 […]

Read More →