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People Moves, 9 December 2019: Goldman, Impax, Mission Possible

People Moves: Carbon Tracker, State Street Corporation, ANZ Bank New Zealand and MFS Investment Management

Anthony Hobley, chief executive officer of not-for-profit financial think-tank the Carbon Tracker Initiative, will step down and join the organisation's advisory board as co-chair from April.

Trump plan to renegotiate Paris dismissed as 'smoke and mirrors'

President Trump's suggestion that the US wants to renegotiate the Paris Agreement, when he announced the country's withdrawal from it, has been dismissed as smoke and mirrors by one industry analyst.

US withdrawal from Paris Agreement 'an irrelevance', say investors

With President Trump widely expected to announce the US' withdrawal from the Paris Agreement today, investors are sceptical over its implications on global climate action with one branding it an 'irrelevance'.

Paris Agreement comes into force

Investors and businesses had a renewed impetus to embrace the emerging low-carbon economy today, as the Paris Agreement to limit global warming at 2°C officially came into force.

Investors with $2.6trn of assets make divestment pledges

Investors with combined assets of $2.6 trillion have made pledges to divest from fossil fuels, according to a new report.

Bank of England to step up stranded assets research

Bank of England governor Mark Carney plans to "deepen and widen" its inquiry into the debate around stranded fossil fuel assets.

Green Climate Fund's firepower hits $9.3bn

The Green Climate Fund (GCF) has seen its firepower boosted to $9.3 billion after eight more countries pledged funding.

Investors urged to engage with coal companies on stranded asset risk

Institutional investors should engage with coal companies to ensure they maximise value, either by redeploying capital away from high-cost projects or by returning cash to shareholders, said Anthony Hobley, CEO of the Carbon Tracker Initiative (CTI).

Will there be blood?

The stranded carbon assets debate has gathered steam in the wake of a new report on the oil sector and after fossil fuel giants addressed the issue for the first time. What are the implications for investors, asks Peter Cripps.