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Ceres In The News

Listing of news clips featuring Ceres and our work.
Exxon Digs In Against Shareholder Pressure to Address Climate Change
Feb 25, 2016
ExxonMobil has challenged a shareholder resolution that calls for the company to show how its business will be affected by the global commitment to dramatically slow global warming. The resolution—filed by the New York State comptroller's office and four co-filers—also seeks an explanation of how Exxon will address those impacts.
The Climate Summit of Money
Feb 24, 2016
The Investor Summit was, in essence, the Climate Summit of Money, and the question being posed was how to finance the clean-energy transition that Paris promised—a transition that scientists and economists agree must happen quickly if the world is to avert the worst economic impacts of climate change—within the strictures of fiduciary duty.
New York asks SEC to force climate vote onto Exxon proxy
Feb 24, 2016
New York state's comptroller and four other Exxon Mobil shareholders asked the U.S. Securities and Exchange Commission this week to force the oil producer to include a climate change resolution in its annual shareholder proxy, according to a filing seen by Reuters.
Investors Ask SEC to Reject Exxon's Attempt to Silence Questions on Climate Change
Feb 24, 2016
Investors, led by New York State Comptroller Thomas P. DiNapoli and the Church of England’s investment fund, asked the Securities and Exchange Commission (SEC) to reject ExxonMobil’s plan to block a shareholder proposal for information on how the company will be impacted by public policies seeking to rein in climate change.
Here’s Some Other Big News From Apple You Probably Missed
Feb 19, 2016
Amid the hullabaloo surrounding Apple's decision to oppose a court order to help the FBI glean data from iPhones in a criminal investigation, you may have missed another big announcement from the company. The company issued a package of bonds worth $1.5 billion for projects related to clean energy, the largest "green bond" ever issued by a corporation.
Supreme Court thumbs its nose at a clean energy future
Feb 12, 2016
The Supreme Court's stay of President Obama’s Clean Power Plan is not the final blow to the Obama administration’s climate change policy, but it seems directly aimed at tarnishing the president’s environmental legacy. The ruling virtually guarantees that, even if the plan survives court challenges, it will be up to the next president to implement it — or ignore it.
What does the green economy need from the Financial Stability Board climate task force?
Feb 11, 2016
Experts offer new task force seven ideas on how best to increase corporate transparency on climate-related risks.
Bloomberg climate risk initiative targets secret polluters
Feb 09, 2016
Set up on the sidelines of the COP21 Paris talks last December, the Financial Stability Board-backed initiative met for the first time this week. In just over a month, it releases its initial findings.
Show Me The Green: Why Climate Risk Disclosure Is Key To Meeting Climate Goals
Feb 09, 2016
“When we did the first investor summit on climate risk in 2003, discussions about climate change as a financial risk and a fiduciary issue was a strange notion. Today, there is no question this is one of the largest financial risks of our time,” Mindy S. Lubber, President of Ceres, told CleanTechnica.
Meet the Top 15 Female Climate Champions
Feb 05, 2016
Women, particularly those in developing countries, are on the frontlines of a changing climate. Extreme weather events, deforestation and loss of biodiversity threaten their survival and that of their families. Learn the stories and successes of dynamic women who are at all levels of climate policy.
Where Does The Carbon Come From?
Feb 04, 2016
The Paris Agreement has targets to hold the global average temperature to below 2°C, with a commitment to pursue efforts to limit the temperature increase to 1.5 °C. Achieving this goal will require dramatic reductions in GHGs, renewable energy, and methods for capturing carbon — but where does the carbon come from?
How to Finance a Trillion-Dollar Climate Change Opportunity
Feb 01, 2016
Pulling the world back from the brink of catastrophic climate change cannot be done for free. Changing the way the world is powered means big spending -- and huge investment opportunities -- as new clean energy infrastructure is built across the world.
Paris Climate Deal [Brings Investment Opportunity of] $12.1 Trillion Over 25 Years
Jan 29, 2016
If the world is serious about halting the worst effects of global warming, the renewable energy industry will require $12.1 trillion of investment over the next quarter century, or about 75 percent more than current projections show for its growth.
Drop In Oil Prices Complicates Effort To Combat Climate Change
Jan 28, 2016
Replacing fossil fuels with renewable energy to combat climate change will require trillions of dollars in investment. Cheap prices for fossil fuels are making that transition a bit more complicated.
Fossil Fuels Are A Terrible Investment, And They're Only Going To Get Worse
Jan 28, 2016
The market is encouraging pension funds and institutions to jettison fossil fuels from their portfolios, waving a clear warning flag to investors about the financial future of oil and coal companies.
UN urges business leaders to double investment in green energy by 2020
Jan 27, 2016
The United Nations urged global business leaders on Wednesday to double investment in wind and solar energy to $600bn a year by 2020. Business leaders were challenged to act decisively to hasten the transition away from the fossil fuel economy.
U.S. Oil and Gas Companies Not Adequately Disclosing Climate Risk
Jan 25, 2016
Climate change poses risks to the operations of oil and gas companies. Yet, large U.S. oil and gas companies are not giving adequate disclosures to their investors about climate-related risks to their operations. Not one of the 23 American oil and gas companies in the S&P 500 index included the potential impact of an international agreement to limit climate change in their most recent disclosures.
S.E.C. Is Criticized for Lax Enforcement of Climate Risk Disclosure
Jan 24, 2016
In the two years after issuing climate dislcosure guidance, the S.E.C. issued 49 comment letters to companies addressing the adequacy of their climate change disclosures. But it issued only three such letters in 2012 and none in 2013. To advocates of more robust climate change disclosure, the impression was that the S.E.C. had taken its eye off the ball.
The Elephant in the 10-K: Carbon Asset Risk
Jan 21, 2016
Large US oil and gas companies are not adequately disclosing to their investors the risk that a portion of their carbon-based assets could be left stranded. Ceres, in collaboration with CookESG Research, recently launched a new version of its SEC Sustainability Disclosure Search Tool, helping users to explore narrative disclosures relevant to assessing carbon asset risk by companies in high-emitting industries.
Global Investor Coalition Calls on Exxon to Prepare for a Lower Carbon Future
Jan 19, 2016
A group of investors led by New York State Comptroller Thomas P. DiNapoli and the Church of England are urging ExxonMobil to disclose the resilience of its business model in the wake of the Paris Agreement on climate change. The group of investors, including co-filers the Vermont State Employees' Retirement System, the University of California Retirement Plan and The Brainerd Foundation, represents nearly $300 billion in assets under management and more than $1 billion in Exxon shares.