News on finance & economics and climate risk

Nov 15, 2017

Peak Oil? Oil Majors push back, but quarter of oil refineries could close

Quarter of oil refineries risk closure under climate goals — Carbon Tracker: ‘A quarter of the world’s oil refineries risk closure by 2035 if governments meet targets to limit fossil fuel burning in the…

Joel Kenrick

Nov 14, 2017

UK Local council pension funds fossil fuel exposure revealed #fuellingthefire

‘The UK’s 97 local authority pension funds collectively invest £16.1bn in fossil fuels — up from £13.8bn in 2015 — according to the latest data from divestment campaigners who have broken down the…

Joel Kenrick

Nov 13, 2017

Deutsche Bank map physical climate investment risks

Deutsche Bank Deploys Tool to Map Climate Investment Risks: ‘Deutsche Bank AG’s asset-management unit is using a detailed map to determine where natural disasters spawned by climate change may pose the greatest risks to its investment…

Joel Kenrick

Nov 12, 2017

HSBC promise $100bn climate finance flows; BNP Paribas halt shale oil financing

HSBC promise $100bn climate finance flows: ‘HSBC has promised $100bn of finance for low-carbon technology and sustainable development by 2025 as part of a package of measures to strengthen its…

Joel Kenrick

Nov 11, 2017

2 years on it time to escalate BP & Shell engagement: ShareAction

“Shareholders in Shell and BP continue to face significant financial risk as both companies fail to comprehensively adapt their business models to succeed through the low-carbon transition’ according to two new…

Joel Kenrick

Nov 8, 2017

PRI in Person: investors urged to back Climate Action 100+

‘A new five-year initiative designed to implement the Paris climate accord through collaborative investor engagement with the world’s largest corporate greenhouse gas emitters was unveiled at the PRI in Person event in Berlin.’…