Wednesday 5 March 2014

Report released today: Fossil fuels increase risk not returns

Published by The Australia Institute and released today in conjunction with 350.org Australia and Market Forces:
“Climate Proofing Your Investments: moving funds out of fossil fuels”, a new report for institutional investors seeking to insulate their funds against the growing carbon bubble.

Download the report here and the summary findings here.
Fossil fuel companies plan to extract over five times more carbon than the climate can safely handle, putting our planet and savings at risk. But, by divesting from fossil fuel stocks, investors can avoid the impacts of a carbon bubble crash. This report shows they can do so without compromising their returns.
“Our findings show that fossil free investment portfolios can not only provide similar returns on investment but they also help mitigate the risk of an ‘unburnable carbon’ bubble bust. It’s a no-brainer. If you can protect your holdings without lowering your returns, why wouldn’t you?” said Richard Denniss, Executive Director of The Australia Institute.


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