Australia’s Snowy Hydro 2.0, a pumped hydro storage project in the Snowy Mountains, has recently been approved by the federal government as an economic savior to bushfire-ravaged region and the COVID19 recession. However, several concerns arise from its economic and environmental costs. Australia has recently approved Snowy Hydro 2.0...
ESG, Oil and Gas, Renewables / 01.08.2020
Big oil: demand shocks and investors’ led change
The recent oil price shock has deeply affected corporations such as Chevron and Exxon Mobil, but also the long-term trend in oil demand seems to pose risks. As the sector is evolving, activist investors are becoming increasingly vocal with respect to environmental matters and are leading change in...
Climate change, Coronavirus, Disinvestment, Mining, Renewables / 31.07.2020
Covid-19 has accelerated the waning of the coal industry
The coal industry is likely to never recover from the heavy blow caused by COVID19, experts said. The modern society’s dependence on coal has been cut loose due to the slash in costs of its greener alternatives and heightened climate activism. Pandemic has accelerated the shift...
Climate change, Economics, Impact investing, Renewables / 22.06.2020
Can we recover from both Covid-19 and global warming?
Policymakers and experts share their thoughts on the post Covid-19 future The age-old adage that prevention is better than cure is completely at odds with the issues we will face tomorrow. In fact, the adage leaves room for a deadlock which we can no longer afford,...
Climate change, Oil and Gas / 04.08.2019
Renewable energy is good money, not just good for the earth
As the Financial Times points out in the article dated August 4, 2019, climate change is not anymore just a mere ethical issue concerning our planet health, but also as the call for socially responsible investments. "Rise of electric vehicles makes solar and wind better long-term investments than...
A report from Institute for Energy Economics and Financial Analysis (IEEFA) found out recently that BlackRock lost $6.5tn by betting on oil companies and missing out growth in clean energy investment. According to the IEFA report, BlackRock ignored “the serious financial risk of investing in fossil fuel and...
The University of Edinburgh is dumping all its fossil fuel investments, making it the largest UK university endowment fund to be completely free of all coal, oil and gas holdings. Following this decision, the University of Edinburgh will sell its final £6.3m of fossil fuel...