Question: The worst investment opportunity imaginable?
Answer: Companies that are expanding their fossil fuel business while the planet burns.
Yet, institutional investors – the Blackrocks and Vanguards of this world – hold fossil fuel company shares and bonds worth over $6.5 TRILLION.
Our research for “Investing in Climate Chaos” allows everyone to see which asset managers, pension funds, sovereign wealth funds, insurance companies, endowments and hedge funds remain invested in the coal, oil and gas companies which are driving the climate crisis. With over 8,400 entries it is the most comprehensive publicly available database on institutional investments in fossil fuels. Today we launch its third edition with the support of 28 organisations worldwide.
What we have found:
🔴 Institutional investors hold fossil fuel company shares and bonds worth over $6.5T.
🔴 Over 95% of these investments are in fossil fuel developers, i.e. in companies that are developing new hydrocarbon reserves, or planning to build new fossil fuel infrastructure such as pipelines, LNG terminals or coal- and gas-fired power plants
🔴 $64 billion is invested in fossil fuel bonds with maturities stretching beyond 2050
🟢 Many European investors souring on fossil fuels, but more progress needed
Investments in the old energy world typically account for less than 5% of an investor’s portfolio, but they are fueling a crisis that puts 95% of their investments at risk.
Over the coming weeks we will be sharing further insights from the data: The good and the bad, who is still betting on fossil fuel expansion, and who is quietly moving in the right direction.
Explore the data at https://lnkd.in/er48CUCp