Posts Tagged ‘financial security’

World Leaders Urge Oil and Gas Firms to Disclose Climate-Related Risks

Some of the most powerful financial experts in the world are seriously worried about climate change. The Bank of England’s Governor Mark Carney, who chairs the Financial Stability Board of the “G20” summit of the world’s richest nations, said “The challenges currently posed by climate change pale in significance compared with what might come.”

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Carbon Bubble Threatens Investments

The carbon bubble threatens the investments of small investors as well as large, according to a recent article by Carol Clouse in The Guardian. When Big Oil’s unburnable reserves become stranded, these companies’ shares will experience a sudden and steep devaluation. As evidence mounts that fossil fuel companies will be required to “keep it in…

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The flight from coal

If you still harbor any doubt that coal is a very bad investment, this week has told the tale. Coal companies are going bankrupt left and right, and any stocks or bonds you still hold are losing value by the hour. Let’s hope CalPERS and CalSTRS have escaped most of the carnage. The latest disaster is…

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Big Oil isn't so big any more

This essay is by Diane Moe. Diane is a freelance copywriter, Cal grad (’75), and mother of two fierce sons. Big Oil, always a steady earner, is a solid financial investment, right? Why else would our state institutions such as CalPERS and the University of California invest so heavily in oil companies—despite the incontrovertible evidence that oil…

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Kilday-Hicks: Unions will join divestment consensus

Russell Kilday-Hicks wrapped up the Sacramento launch of Fossil Free California, speaking for union members. He is statewide vice president of the California State Employees Association, an active member of the CSU Employees Union, and a staff employee at San Francisco State University. His speech: I am statewide VP for the organization that started CalPERS…

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Divest for financial security

Public policymakers, when they look carefully at the facts about climate change, usually conclude that it’s essential to divest from fossil fuels. The slide toward climate chaos must be resisted with every weapon, and it doesn’t make sense for public leaders to remain invested in products that are destroying the world they are trying to…

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