Ceres In The News
Listing of news clips featuring Ceres and our work.
Extracting Oil from Canadian Sand Pits
Aug 03, 2010
- Canada has some of the most oil in the world, and about half of it comes from the "oil sands." Oil companies use some of the most expensive, energy intensive technology to extract the oil from the sand -- which leaves an impact on the environment too.
California, New York Pension Funds Demand Detail on Oil Groups Spill Plans
Aug 05, 2010
- The investors sent letters to the chief executive officers at 27 oil and gas producers such as Exxon Mobil Corp and insurance companies including American International Group Inc., asking them to detail their capability to prevent or respond to an accident, as well as what they learned from the Gulf spill. U.S. states, through their public pension funds, invest in such companies as ConocoPhillips and Chevron Corp.
Investors Ask Oil, Insurance Groups to Disclose Safety Plans
Aug 05, 2010
- A coalition of mostly institutional investors is demanding oil and gas companies disclose their existing safeguards and plans of action in the event of another offshore rig disaster and possible oil spill like the one experienced by BP PLC and other companies in the Gulf of Mexico.
Mining Companies Must Disclose Safety Violations Under New US Law
Aug 13, 2010
- Workplace safety records for companies with US mining operations, in the spotlight since the Upper Big Branch blast, will be more visible to investors, as federal regulators prepare to enforce a law requiring them to detail violations and fines meted out by the Mine Safety and Health Administration in their financial disclosure forms.
Disclosing Environmental Risks
Nov 20, 2010
- Should public companies provide investors with disclosures related to climate change and environmental issues? Mindy Lubber, director of the Investor Network on Climate Risk (INCR) and president of Ceres, tells CFA Magazine that "investors don't want hidden risks."
CalPERS, Ceres, Nike air their call for sustainability
Sep 23, 2010
- CalPERS teamed up with Nike and Ceres to urge 1,000 of the largest U.S. companies to incorporate global sustainability factors into business decision-making to deal with social and environmental risks that impact corporate investment returns, according to a joint statement from the group.
BP's Loss is Sustainability's Gain?
Sep 29, 2010
- Several lessons have come out of the Deepwater Horizon disaster, not least of which has been how unprepared most investors were for the implications of such an event. Despite several warning signs in BP’s recent environmental record, the scale of the crisis and consequent fall-out for the company has been shocking to most observers.
BP Revamps Risk Management; Forms Oversight Unit
Sep 29, 2010
- In response to the Gulf Coast oil spill disaster in which 11 people were killed, British Petroleum said it is forming a safety and risk unit that will report directly to the company’s incoming chief executive officer. Ceres Director of Oil & Gas Industry Programs Andrew Logan says that BP’s announcement may say more about BP than it does about the industry
Deep Water, Deep Trouble
Oct 06, 2010
- The explosion of the Deepwater Horizon oil rig in the Gulf of Mexico illustrates the unique challenges now facing the energy industry. In fact, stakeholders are now looking for evidence that companies have robust spill contingency plans and clear guidelines for contractor selection and oversight, according to Ceres' Oil Industry Program Director Andrew Logan.
Fidelity Records First "Green" Proxy Votes
Oct 08, 2010
- Four mutual funds at Fidelity Investments recently backed an environmentalist proxy proposal for the first time on record. "This is a tiny symbolic gesture on their part, but one in the right direction," said Rob Berridge, senior manager at Ceres.
Investor Groups Balk at Oil Companies' Support of Prop. 23
Oct 13, 2010
- Institutional investor groups concerned about corporate funding of political campaigns are expected to announce shareholder resolutions Wednesday that will challenge three energy firms making big-dollar contributions to halt California's landmark law limiting greenhouse gas emissions.
Water Scarcity a Bond Risk, Study Warns
Oct 20, 2010
- The municipal bonds that help finance a major portion of the nation’s water supply may be riskier than investors realize because their credit ratings do not adequately reflect the growing risks facing the water industry, according to a new Ceres study.
The Ten Biggest American Cities That Are Running Out of Water
Oct 29, 2010
- Some parts of the United States have begun to run low on water and the problem is worse than most people realize - particularly in several large cities that will almost certainly face shortfalls in a few years. Orlando, Fla., Atlanta and Tucson, Ariz. are just three of the cities who made 24/7 Wall St.'s water watch list.
Deutsche Bank, Investors Seek Climate Change Action
Nov 16, 2010
- Deutsche Bank AG and the California Public Employees' Retirement System are among 259 investors urging policy makers to combat global warming or face mounting economic disruptions in the next 40 years. Losses stemming from climate change may trim as much as 20 percent from global economic output by 2050, according to a statement from Ceres, a coalition that joined investors holding $15 trillion in assets in seeking action.
Exxon Mobil Stalls on Warming (OpEd)
Jul 08, 2007
- Shareholders sent a strong message at Exxon Mobil Corp.'s recent annual meeting that they're unhappy with the company's lackluster response to global warming. Spurred by repeated rejections by the company's board to discuss the issue and unimpressed by its new Corporate Citizenship Report, shareholders owning $121 billion of company stock demanded at the spring meeting that the company take climate change seriously and set greenhouse gas reduction goals.
Corporations team up on climate fight
Nov 19, 2008
- November 19, 2008 (Marketplace) – Corporate leaders are banding together to push Congress for more aggressive green mandates, from renewable energy to a stricter cap and trade system. Sarah Gardner reports what else the new coalition, BICEP, is pushing.
Top companies urge Congress to go green
Nov 19, 2008
- November 19, 2008 (Seattle P-I) – A group of companies including Starbucks, Nike and Sun Microsystems has banded together to urge Congress to regulate greenhouse gas emissions and promote investment in renewable energy. The companies on Wednesday announced a partnership with Boston-based Ceres, a national network of environmental advocates and investors, which will lobby on energy policy.
Investors press for progress on climate financing ahead of Cancun
Nov 17, 2010
- Pension funds and other institutional investors eager to tap into financial opportunities tied to cutting greenhouse gas emissions say they would like nothing more than to put their money where their mouths are. Just ahead of the U.N.-led climate summit in Cancun, Mexico, starting at the end of this month, money managers are banging the drum for progress on adaptation financing, clean energy, reforestation and emissions targets. But they acknowledged yesterday that the smart bet is on incremental progress and not the frenzied expectations that defined the lead-up to the 2009 conference in Copenhagen, Denmark.
Investors face regulation risks in shale oil and coal-to-liquid fuels -- study
Dec 09, 2010
- As the United States tries to wean itself off Middle Eastern oil, dollars are flowing to companies promising to produce alternative fuels. That includes crude extracted from oil shale and coal through the coal-to-liquids process. According to the Department of Energy, a production surge in both fuels could lead to their supplying almost 3 percent of U.S. oil in the next 25 years. But the investor group Ceres warns in a new report that both fuels offer significant risks for investors because of their water needs and associated carbon emissions. Both spew more carbon dioxide during the production process than conventional oil, and financiers need to look more closely at the costs of possible carbon controls at the national and local levels, the group said.
US investor groups want companies to disclose deepwater drill risks
Dec 14, 2010
- A coalition of US state pension funds and other institutional investors said Tuesday they want the Securities and Exchange Commission to force companies that explore for oil and gas in deepwater to disclose how they are addressing the risks and weaknesses identified in the wake of April's Deepwater Horizon disaster. Ceres, a network of investor and environmental groups, along with the Investor Network on Climate Risk, has sent a letter to the National Oil Spill Commission, asking members to include an SEC disclosure requirement in their final report, which is due in January.