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Of interest to investors:
• “An analysis found a 10-year median cumulative return of -10 percent for the 100 largest public coal and 100 largest public oil and gas reserve owners, while, the 200 largest, public clean energy companies experienced a median cumulative return of 106 percent.
• New clean energy investment vehicles, fossil-free funds, large investment deals, capital commitments, and coalitions are driving more capital to the clean energy sector.
• S&P stripped ExxonMobil of its AAA credit rating because the “company’s debt level has more than doubled in recent years …”
• National governments committed to transitioning away from fossil fuels: China, India, Norway Netherlands, Germany, France, UK, Canada, and more.
• Fossil fuel energy needed for economies to grow continues to fall.
• 688 institutions and 58,399 individuals across 76 countries have committed to divest from fossil
fuel companies, doubling the value of assets represented in the last 15 months.”
All information taken almost verbatim from:
“The Global Fossil Fuel Divestment and Clean Energy Investment Movement” from Arabella Advisors
NANCY GERTH Sagle