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Climate change to shave 0.5% a year off insurers' capital
16 November 2015Climate change threatens to have a negative impact on the capital position of insurers, by lowering investment income and increasing capital requirements for weather-related claims, Standard & Poor's (S&P) predicts.
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FSB calls for task force on climate risk disclosure
09 November 2015The Financial Stability Board (FSB) has called for the creation of an industry-led task force to work on the disclosure of climate-related risks.
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Two fossil fuel giants investigated over claims they lied over climate change
06 November 2015US oil giant ExxonMobil and Peabody Energy are being investigated by the New York state attorney-general over claims they lied to their shareholders and the public about climate change risk.
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EF BRIEFS: Downing, Lekela, Recurrent Energy, Enbridge, Climate Bonds Initiative, GRI, Global CCS Institute, IETA
06 November 2015London-based investment firm Downing will invest £20 million ($30 million) in biomass projects as part of a joint venture with developer Strand Energy.
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BlackRock warns on stranded assets
04 November 2015BlackRock has warned that companies with high-cost fossil fuel reserves are at risk of being devalued, adding that "climate change has arrived as an investment issue".
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60% of investors report stranded asset concerns, says EY
22 October 2015More than 60% of institutional investors are concerned about the risk of stranded assets, with almost a third slashing their holdings companies as a result, according to research from Ernst & Young (EY).
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Investors urged to question fossil fuel companies' demand assumptions
22 October 2015Coal, oil and gas companies' assumptions about future demand for fossil fuels are inconsistent with decarbonisation plans set out by 150 countries ahead of the forthcoming Paris climate change talks, a think-tank has warned.
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Paris climate plans will have big impact on financial sector - PwC
12 October 2015National plans to reduce carbon emissions by 2030 will have a big impact on financial institutions as well as the power sector and heavy industry, according to consultancy firm PwC.
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LGIM urges companies to focus on opportunities in low-carbon economy
07 October 2015Legal & General Investment Management (LGIM), one of Europe's largest asset managers, is urging companies in which it invests to focus on the opportunities, not just the risks, arising from the transition to a low-carbon economy.
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Citi tightens its policy on coal sector lending
06 October 2015US bank Citi has strengthened its policy on lending to coal mining companies and all financing for this sector will now require approval at a more senior level within the bank.