LONDON/SYDNEY/BOSTON, April 19, 2016 /3BL Media/ –The Paris Agreement enters into force once 55 countries representing 55% of global emissions have deposited their instruments of accession with the UN. Investors support an early entry into force of the agreement, possibly as early as next year.
In advance of oil company earnings calls, investors and analysts warn of shifting industry trends away from fossil fuels
BOSTON, January 29, 2015 /3BL Media/ –In advance of ExxonMobil, Shell and BP quarterly earnings calls, investors and industry analysts today voiced growing concerns about excessive industry spending on high-cost, high-carbon fossil fuel projects that may be bad financial bets as the world continues to reduce its reliance on fossil fuels, accelerate renewable energy and reduce overall carbon emissions to counter the threat of climate change.
BlackRock, CalPERS, PensionDanmark, Deutsche, South African GEPF, Australian CFSGAM, Cathay Financial Holdings among 347 investors urging heads of state to take strong action on climate change
September 18, 2014 /3BL Media/ - Days before UN Secretary-General Ban Ki-moon convenes the Climate Summit at the United Nations to spur climate action and facilitate a global climate agreement in 2015, nearly 350 global institutional investors representing over $24 trillion in assets have called on government leaders to provide stable, reliable and economically meaningful carbon pricing that helps redirect investment commensurate with the scale of the climate change challenge, as well as develop plans to phase out subsidies for fossil fuels.
Record-high number of shareholder resolutions filed in 2014 proxy season drive more aggressive action by top companies on climate-related issues
BOSTON, August 14, 2014 /3BL Media/ – In response to nearly 150 climate-related resolutions filed by institutional investors during the 2014 proxy season, 20 major international corporations have committed to set goals to reduce greenhouse gas (GHG) emissions or sustainably source palm oil –a leading driver of global deforestation, which causes nearly 20 percent of global greenhouse gas emissions according to the Environmental Protection Agency. An additional 45 corporate commitments were secured related to sustainability reporting, energy efficiency and carbon asset risk.
Investors win company commitments to address flaring and fracking; carbon bubble and methane emission resolutions win strong support
BOSTON, July 25, 2013 /3BL Media/ – Investors achieved noteworthy victories during this year’s shareholder proxy season, with a near record 110 shareholder resolutions filed with 94 U.S. companies on hydraulic fracturing, flaring, fossil fuel reserve risks and other climate – and sustainability – related risks and opportunities.