Embedded Files
Investment strategies are moving away from fossil fuels
Investment strategies are moving away from fossil fuels
"Over the last decade, shedding oil, gas, and coal has proven a winning financial strategy — even taking the recent energy crisis into account. As the sector’s historic value thesis erodes, a few high-profit quarters have been unable to reverse a decade of underperformance." (1 IEEFA)
"Across index families, geographies, and target markets, excluding fossil fuels has led to modestly superior returns over the past 10 years, in both absolute and risk-adjusted terms" (6 IEEFA)
The state of New York has divested from fossil fuels & Blackrock was hired to help see if it is a good financial decision. Blackrock said yes and NY has made millions.
The state of New York has divested from fossil fuels & Blackrock was hired to help see if it is a good financial decision. Blackrock said yes and NY has made millions.
"These findings suggest that each of the three proposed divestment options could serve as a suitable approach for the NYC TRS (the state of New York's endowment) portfolio given the:
1) Historical validation of underperformance of fossil fuel-linked securities
2) Historical outperformance of the representative divested portfolios
3) Minimal Impact on risks and costs under each option"
Google Sites
Report abuse