Global Economic Policy Lab - Shareholder Activism in Fossil Fuel Companies
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Of course, the risk to the evaluation of carbon assets depends on the carbon intensity of the asset. [...] 6,201 20,264 3.3 235,811 38.0 Source: Canadian Centre for Policy Alternatives Quantifying Risks to Investors: Instead of focusing on the risk to firms, the Unburnable Carbon report attempted to quantify the risk to institutional investors based on the reserves held by companies listed on the world's stock exchanges. [...] The letter requested that companies show investors the exposure of the companies' reserves to the risks associated with current and probable future policies for reducing GHG emissions to achieve global emissions reduction goals. [...] In 2013, the organization's founder published an article in Rolling Stone calling for divestment from fossil fuel companies to "spark a transformative challenge to fossil fuel..." This brought attention to a trend that had been occurring for a few years - the first fossil fuel divestment appears to have occurred in 2010, when Swarthmore College in the United States called on the college endowment fu. [...] As stated by 350.org, the goal of the fossil fuel divestment campaign is threefold: 1) to force the hand of fossil fuel companies and pressure governments to leave fossil fuels where they are; 2) to pressure fossil fuel companies to drastically reduce carbon emissions; and 3) to pressure governments to legislate, for example to ban further drilling or to create a carbon tax.