1. Money

Carbon Tracker Initiative and Christiana Figueres on the Financial Risk of Oil - May 8, 2014

Tuesday April 15, 2014

In 2013, the Carbon Tracker Initiative's report on Wasted Capital & Stranded Assets http://www.carbontracker.org/wastedcapital showed over US$600B being invested annually in what might turn out to be "unburnable" reserves.

Further analysis has been performed, and featuring an opening keynote from the UNFCCC head Christiana Figueres, the highest carbon, highest priced assets will be specifically revealed on May 8 in London, and also features a debate among leading investors and analysts.

The report is expected to become the next shock to the system, in this case what spending plans make best sense for companies and their shareholders.

The event "Carbon Supply Cost Curves" will likely sell out quickly http://www.carbontracker.org/wp-content/uploads/2014/04/Carbon_Tracker_Launch_Event_Invite_8_May_20141.pdf

 

 

 

IPCC's 3rd Report: Rapid Move to Clean Energy is Essential, Major Impact Likely for Investors

Sunday April 13, 2014

The IPCC http://ipcc.ch/ since 1998 has been seen as the leading body convening global scientists on the upcoming likely effects of climate change, and this body recently came out with multiple reports.  This third recent report is a very specific call for strategies to mitigate climate change, specifically as surrounds a necessary transition away from fossil fuel use.

This IPCC report calls for much more rapid scaling of alternative energy, and more details can be found here: http://www.theguardian.com/environment/2014/apr/12/ipcc-report-world-must-switch-clean-sources-energy

Fossil fuel use has remained roughly 80% of the global fuel mix, and this report calls for this ratio to move to something more like 33%, which would have massive implications for investors.  The alternative, scientists have concluded to a 99% degree of certainty, is catastrophic climate change, which would also have a side effect of major economic impact, of course.

And so the only real question remaining for investors, corporates and policymakers is what to do as soon as possible.

 

 

Pitzer College and Robert Redford lead way on Sustainable Investing

Saturday April 12, 2014

With colleges like Harvard taking defensive baby steps on considering sustainability issues within investing, or otherwise ignoring the issue, one institution has decided to go all out on offense.  Pitzer College http://www.pitzer.edu/ has decided to implement five strategies as part of a Climate Action Plan, taking from all possible actions any investor could consider, including:

  • Developing an environmental, social and governance policy to guide endowment investment decisions
  • Creating the Pitzer Sustainability Fund within the endowment to make environmentally responsible investments
  • Targeting a 25 percent reduction of the College's carbon footprint from current levels by the end of 2016
  • Establishing a Campus Sustainability Taskforce to bolster on-campus measures to promote sustainability
  • Divesting virtually all College endowment investments in fossil fuel stocks by December 31, 2014

More here: https://finance.yahoo.com/news/pitzer-college-robert-redford-announce-090000734.html

And you can join a webinar with Redford and President Trombley of Pitzer College at 12Noon PT Saturday April 12 - visit the Pitzer College website for more details.

Even if one suggests this is just a small institution, it is nice to see an academic institution lead by example, and show what is possible.  If every organization, academic and otherwise, chipped in like this, it would go a long way.

 

 

 

Parnassus Drives Major Success Through Value-First Sustainable Investing

Monday April 7, 2014

Please find our latest piece on the significant market success being experienced by Parnassus here.

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