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  • Oil company values likely to fall within five years, warn asset managers, Vastuullisuusuutiset.fi

    26 April 2018

    New survey reveals share of fund managers who expect value of oil firms to drop in coming years has doubled in the last 12 months.

    As a growing number of banks and investors look to shift their focus away from high carbon industries, fund managers are becoming increasingly concerned that the value of oil companies could be about to fall.

    Over a year which has seen large banks halt funding for fossil fuel projects, major institutions divest from oil, gas and coal holdings, and oil companies snap up power and renewables companies in a bid to diversify their asset base, research published today by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration suggests nervousness over climate risk has shot up in financial circles.

    Full article here.

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