COALspot.com keeps you connected across the coal world
  • JULY 2021 HBA FOR EXPORTS INCREASED BY $15.02 MOM, $39.51 YTM AND $63.19 YOY
  • JULY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 115.35 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Thursday, 25 March 21
MAJOR INVESTMENT ADVISORS BLACKROCK AND MEKETA PROVIDE A FIDUCIARY PATH THROUGH THE ENERGY TRANSITION - IEEFA
IEEFABlackRock and Meketa say divestment from fossil fuels improves, not weakens, investment returns
 
Two major financial management firms, BlackRock and Meketa, have separately concluded that investment funds have experienced no negative financial impacts  from divesting from fossil fuels. In fact, they found evidence of modest improvement in fund return, according to draft reports undertaken at the request of New York City’s comptroller on behalf of three of the city’s pension funds.
 
Several of their core findings are noteworthy:
 
Divestment actions by hundreds of funds worldwide have passed the prudence tests required of fiduciaries.
 
Fossil fuel stocks have underperformed for the last five years and forward-looking analysis shows they are exposed to significant regulatory, technological and market risks.
 
Transition readiness standards allow Funds to improve their targeting of how divestment can take place in a way that aligns with the philosophy and mission of a specific Fund.
 
There is no uniform model for divestment. Some funds divested from coal but most adopted broader divestment strategies across the coal, oil and gas sectors. All divestment options have proven to be financially sound.
 
The global trend in the investment world is toward more public pension fund divestment from fossil fuels. In the past, such actions were mostly consigned to university, foundations and other private institutions. The size of individual Funds that are currently divesting is increasing.
 
The companies undertook this research under contract to advise on the divestment plans of the New York City Employees ‘ Retirement System (NYCEDRS), the Teachers Retirement System (TRS) and the Board of Education Retirement System (BERS), which had set goals for divestiture but wanted advice on how to develop and implement an orderly divestment process.
 
BlackRock and Meketa each produced three draft reports related to divestment: 1) a survey of asset owners that divested and those that did not divest; 2) an analysis of the types of financial, environmental and climate risks faced by fossil fuel companies and standards for readiness to address the transition;  and 3) an assessment of divestment options and portfolio performance.
 
These reports should be required reading for anyone with an interest in the topic.
 
They are prepared for a fiduciary’s use. The reports have wide applicability as a road map for other funds and investors that are deliberating climate impact and risk. The studies carry the trademark of BlackRock, one of the most respected investment houses in the world and also Meketa: a mid-sized investment advisor that is future-forward. In other words, these are not studies that can be easily dismissed as fundamentally either pro- or anti-fossil fuel.
 
The research and conclusions are, above all, practical. They include an extensive treatment of how other funds of varying sizes and missions have arrived at the decision to divest. They discuss what policies these funds adopted, the timing and any other steps needed for implementation.
 
Questions of fiduciary obligation, costs, post-divestment performance asssessment, adoption of climate action plans and investments in renewable energy are all addressed.
 
They contain several research products that add to the literature on investment theory and climate change, corporate finance and the dynamics of introducing sustainability standards into the traditional fiduciary model. The research perspective pertains to specific stand-alone strategies of individual companies and their management of sustainability and broader economy-wide trade-offs that are taking place as part of the energy transition. One constant theme that runs through the reports is that the adoption of sustainable investment standards is not penalized by the market, but rather is, by and large, rewarded.
 
These arguments are useful to fiduciaries, but they are perhaps even more valuable to investment professionals who have been reluctant to support divestment as a sound approach. The research leaves few arguments remaining on the table about whether divestment is valid and can be achieved, or why it is increasingly important as a risk-mitigation strategy.
 
These reports are the product of investment professionals. They are produced for a fiduciary that is offering a leadership position on the issue of investments and climate change. The fiduciary has accepted its financial obligation. The enormity of the climate issue is not clouding its pursuit of the best fiduciary decision. The studies show, at bottom, that the traditional requirements of prudence and due diligence continue to provide clear direction through a period of immense change, and that divestment from fossil fuels is a responsible course of action for the fiduciary of an investment fund.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 14 July 21
MARKET INSIGHT - INTERMODAL
In its latest Global Economic Prospects report, the world bank recorded the strongest post-recession global growth in 80 years, but emerging and de ...


Tuesday, 13 July 21
JAPAN STILL SEEKING TO EXPLOIT COAL POWER LOOPHOLES - IEEFA
JBIC wants to continue burdening developing nations with its expensive coal-fired power technology Japan is continuing to push its expensive c ...


Sunday, 11 July 21
COAL SHOWS ITS STAYING POWER AS ECONOMIES BOUNCE BACK - THE WALL STREET JOURNAL
Coal use is surging in some of the world’s largest economies as electricity demand rebounds from the pandemic, illustrating the challenges to ...


Sunday, 11 July 21
ROBUST CHINA COAL DEMAND AMID AUSTRALIA IMPORT BAN FUELS PRICE RALLY - REUTERS
Seaborne coal has become a quiet winner among energy commodities, lacking the attention of higher-profile crude oil and liquefied natural gas (LNG) ...


Saturday, 10 July 21
OVERESTIMATED LCOES OF COAL-FIRED POWER PLANTS CREATE A FINANCIAL BUBBLE - IEEFA
Massive stranded asset risk detrimentally affects the financial and power distribution India’s future coal-fired power project pipeline ...


   1 2 3 4 5   
Showing 6 to 10 news of total 6351
News by Category
Popular News
 
Total Members : 27,491
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Inspectorate - India
  • Ince & co LLP
  • Cebu Energy, Philippines
  • Tamil Nadu electricity Board
  • New Zealand Coal & Carbon
  • Core Mineral Indonesia
  • Platou - Singapore
  • Banpu Public Company Limited - Thailand
  • Parliament of New Zealand
  • Inco-Indonesia
  • IHS Mccloskey Coal Group - USA
  • GHCL Limited - India
  • Thailand Anthracite
  • Asmin Koalindo Tuhup - Indonesia
  • Indika Energy - Indonesia
  • The Treasury - Australian Government
  • Gujarat Mineral Development Corp Ltd - India
  • Coal and Oil Company - UAE
  • Cargill India Pvt Ltd
  • Formosa Plastics Group - Taiwan
  • Energy Development Corp, Philippines
  • Platts
  • Goldman Sachs - Singapore
  • VISA Power Limited - India
  • Dalmia Cement Bharat India
  • Australian Commodity Traders Exchange
  • MS Steel International - UAE
  • Vitol - Bahrain
  • Maersk Broker
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Kohat Cement Company Ltd. - Pakistan
  • Siam City Cement PLC, Thailand
  • KPMG - USA
  • The State Trading Corporation of India Ltd
  • Petron Corporation, Philippines
  • Trasteel International SA, Italy
  • Global Coal Blending Company Limited - Australia
  • Central Java Power - Indonesia
  • ICICI Bank Limited - India
  • globalCOAL - UK
  • Shenhua Group - China
  • Bukit Asam (Persero) Tbk - Indonesia
  • Independent Power Producers Association of India
  • TGV SRAAC LIMITED, India
  • Rashtriya Ispat Nigam Limited - India
  • Marubeni Corporation - India
  • Salva Resources Pvt Ltd - India
  • Ind-Barath Power Infra Limited - India
  • Larsen & Toubro Limited - India
  • Economic Council, Georgia
  • Asia Cement - Taiwan
  • Bank of China, Malaysia
  • Arch Coal - USA
  • Permata Bank - Indonesia
  • CNBM International Corporation - China
  • Sree Jayajothi Cements Limited - India
  • Indonesia Power. PT
  • Freeport Indonesia
  • KEPCO - South Korea
  • Uttam Galva Steels Limited - India
  • South Luzon Thermal Energy Corporation
  • Eastern Energy - Thailand
  • Tata Chemicals Ltd - India
  • NTPC Limited - India
  • SUEK AG - Indonesia
  • Indogreen Group - Indonesia
  • Oldendorff Carriers - Singapore
  • Krishnapatnam Port Company Ltd. - India
  • Jorong Barutama Greston.PT - Indonesia
  • ETA - Dubai
  • Karaikal Port Pvt Ltd - India
  • Qatrana Cement - Jordan
  • ACC Limited - India
  • RBS Sempra - UK
  • Sucofindo - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Malco - India
  • Mercator Lines Limited - India
  • Clarksons - UK
  • Cigading International Bulk Terminal - Indonesia
  • McConnell Dowell - Australia
  • Bhoruka Overseas - Indonesia
  • Siam City Cement - Thailand
  • Malabar Cements Ltd - India
  • Globalindo Alam Lestari - Indonesia
  • J M Baxi & Co - India
  • Asian Development Bank
  • Argus Media - Singapore
  • Geoservices-GeoAssay Lab
  • Wood Mackenzie - Singapore
  • SGS (Thailand) Limited
  • Timah Investasi Mineral - Indoneisa
  • Kideco Jaya Agung - Indonesia
  • APGENCO India
  • TRAFIGURA, South Korea
  • Australian Coal Association
  • MEC Coal - Indonesia
  • Gupta Coal India Ltd
  • Anglo American - United Kingdom
  • Rudhra Energy - India
  • Thermax Limited - India
  • Mercuria Energy - Indonesia
  • Maruti Cements - India
  • Bank of America
  • Tanito Harum - Indonesia
  • Thai Mozambique Logistica
  • White Energy Company Limited
  • PLN Batubara - Indonesia
  • GB Group - China
  • GNFC Limited - India
  • Russian Coal LLC
  • Neyveli Lignite Corporation Ltd, - India
  • Indian School of Mines
  • Peabody Energy - USA
  • CCIC - Indonesia
  • UBS Singapore
  • DBS Bank - Singapore
  • TeaM Sual Corporation - Philippines
  • Ceylon Electricity Board - Sri Lanka
  • Britmindo - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Sical Logistics Limited - India
  • TANGEDCO India
  • Planning Commission, India
  • Total Coal South Africa
  • Commonwealth Bank - Australia
  • Power Finance Corporation Ltd., India
  • Deloitte Consulting - India
  • KOWEPO - South Korea
  • Enel Italy
  • OCBC - Singapore
  • World Coal - UK
  • Vijayanagar Sugar Pvt Ltd - India
  • PLN - Indonesia
  • Berau Coal - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Chettinad Cement Corporation Ltd - India
  • Price Waterhouse Coopers - Russia
  • SN Aboitiz Power Inc, Philippines
  • Ernst & Young Pvt. Ltd.
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Bukit Baiduri Energy - Indonesia
  • Jaiprakash Power Ventures ltd
  • Gujarat Electricity Regulatory Commission - India
  • PTC India Limited - India
  • Manunggal Multi Energi - Indonesia
  • Petrosea - Indonesia
  • ANZ Bank - Australia
  • World Bank
  • JPower - Japan
  • Indorama - Singapore
  • ASAPP Information Group - India
  • Alfred C Toepfer International GmbH - Germany
  • IOL Indonesia
  • Savvy Resources Ltd - HongKong
  • KPCL - India
  • The University of Queensland
  • Moodys - Singapore
  • Global Green Power PLC Corporation, Philippines
  • Billiton Holdings Pty Ltd - Australia
  • International Coal Ventures Pvt Ltd - India
  • Ministry of Mines - Canada
  • Riau Bara Harum - Indonesia
  • Grasim Industreis Ltd - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Kartika Selabumi Mining - Indonesia
  • Orica Mining Services - Indonesia
  • Coastal Gujarat Power Limited - India
  • EMO - The Netherlands
  • HSBC - Hong Kong
  • Panama Canal Authority
  • The India Cements Ltd
  • Binh Thuan Hamico - Vietnam
  • McKinsey & Co - India
  • Holcim Trading Pte Ltd - Singapore
  • Xstrata Coal
  • Sojitz Corporation - Japan
  • PetroVietnam Power Coal Import and Supply Company
  • Maharashtra Electricity Regulatory Commission - India
  • Thiess Contractors Indonesia
  • Latin American Coal - Colombia
  • Infraline Energy - India
  • Borneo Indobara - Indonesia
  • Vizag Seaport Private Limited - India
  • Baramulti Group, Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • ING Bank NV - Singapore
  • Sindya Power Generating Company Private Ltd
  • Carbofer General Trading SA - India
  • Bulk Trading Sa - Switzerland
  • Adaro Indonesia
  • CESC Limited - India
  • India Bulls Power Limited - India
  • SASOL - South Africa
  • Sakthi Sugars Limited - India
  • Chamber of Mines of South Africa
  • GAC Shipping (India) Pvt Ltd
  • Essar Steel Hazira Ltd - India
  • Coeclerici Indonesia
  • JPMorgan - India
  • Semirara Mining and Power Corporation, Philippines
  • EIA - United States
  • bp singapore
  • Global Business Power Corporation, Philippines
  • Bharathi Cement Corporation - India
  • Madhucon Powers Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Altura Mining Limited, Indonesia
  • Parry Sugars Refinery, India
  • Cement Manufacturers Association - India
  • Runge Indonesia
  • Shree Cement - India
  • Meralco Power Generation, Philippines
  • Medco Energi Mining Internasional
  • Georgia Ports Authority, United States
  • Therma Luzon, Inc, Philippines
  • Agrawal Coal Company - India
  • European Bulk Services B.V. - Netherlands
  • Lanco Infratech Ltd - India
  • San Jose City I Power Corp, Philippines
  • Bangladesh Power Developement Board
  • Iligan Light & Power Inc, Philippines
  • Straits Asia Resources Limited - Singapore
  • Star Paper Mills Limited - India
  • Kumho Petrochemical, South Korea
  • Makarim & Taira - Indonesia
  • WorleyParsons
  • SMC Global Power, Philippines
  • Credit Suisse - India
  • Lafarge - France
  • CoalTek, United States
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Vale Mozambique
  • Attock Cement Pakistan Limited
  • Pinang Coal Indonesia
  • Posco Energy - South Korea
  • Leighton Contractors Pty Ltd - Australia
  • Barclays Capital - USA
  • Cemex - Philippines
  • PowerSource Philippines DevCo
  • Minerals Council of Australia
  • Romanian Commodities Exchange
  • GVK Power & Infra Limited - India
  • Adani Power Ltd - India
  • Aditya Birla Group - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Idemitsu - Japan
  • Gresik Semen - Indonesia
  • TNPL - India
  • Eastern Coal Council - USA
  • TNB Fuel Sdn Bhd - Malaysia
  • IMC Shipping - Singapore
  • AsiaOL BioFuels Corp., Philippines
  • Xindia Steels Limited - India
  • Maybank - Singapore
  • Kobexindo Tractors - Indoneisa
  • SRK Consulting
  • Merrill Lynch Commodities Europe
  • Thomson Reuters GRC
  • Metalloyd Limited - United Kingdom
  • Bhushan Steel Limited - India
  • Surastha Cement
  • Africa Commodities Group - South Africa
  • Sinarmas Energy and Mining - Indonesia
  • IEA Clean Coal Centre - UK
  • BRS Brokers - Singapore
  • Electricity Authority, New Zealand
  • Bayan Resources Tbk. - Indonesia
  • Jindal Steel & Power Ltd - India
  • Indian Oil Corporation Limited
  • Energy Link Ltd, New Zealand
  • Deutsche Bank - India
  • Cosco
  • Wilmar Investment Holdings
  • NALCO India
  • Toyota Tsusho Corporation, Japan
  • Petrochimia International Co. Ltd.- Taiwan
  • Renaissance Capital - South Africa
  • Aboitiz Power Corporation - Philippines
  • Barasentosa Lestari - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Merrill Lynch Bank
  • Thriveni
  • Indian Energy Exchange, India
  • Interocean Group of Companies - India
  • Jatenergy - Australia
  • Edison Trading Spa - Italy
  • Kaltim Prima Coal - Indonesia
  • Orica Australia Pty. Ltd.
  • Reliance Power - India
  • U S Energy Resources
  • Singapore Mercantile Exchange
  • Mjunction Services Limited - India
  • Bhatia International Limited - India
  • Ministry of Finance - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Glencore India Pvt. Ltd
  • GMR Energy Limited - India
  • Coaltrans Conferences
  • Antam Resourcindo - Indonesia
  • London Commodity Brokers - England
  • LBH Netherlands Bv - Netherlands
  • Samtan Co., Ltd - South Korea
  • Coal India Limited
  • Port Waratah Coal Services - Australia
  • Standard Chartered Bank - UAE
  • Tata Power - India
  • Samsung - South Korea
  • Ambuja Cements Ltd - India
  • Central Electricity Authority - India
  • Noble Europe Ltd - UK
  • Sarangani Energy Corporation, Philippines
  • Arutmin Indonesia
  • Ministry of Transport, Egypt
  • Indo Tambangraya Megah - Indonesia
  • Mitra SK Pvt Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • PetroVietnam
  • Humpuss - Indonesia
  • Japan Coal Energy Center
  • Gujarat Sidhee Cement - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Vedanta Resources Plc - India
  • SMG Consultants - Indonesia
  • Electricity Generating Authority of Thailand
  • Kepco SPC Power Corporation, Philippines
  • Heidelberg Cement - Germany
  • Kapuas Tunggal Persada - Indonesia
  • Cardiff University - UK
  • Rio Tinto Coal - Australia
  • BNP Paribas - Singapore
  • GN Power Mariveles Coal Plant, Philippines
  • Bangkok Bank PCL
  • Intertek Mineral Services - Indonesia
  • Semirara Mining Corp, Philippines
  • IBC Asia (S) Pte Ltd
  • Coalindo Energy - Indonesia
  • Videocon Industries ltd - India
  • Mitsui
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Coal Orbis AG
  • Mechel - Russia
  • Fearnleys - India
  • Indonesian Coal Mining Association
  • CIMB Investment Bank - Malaysia
  • Kobe Steel Ltd - Japan
  • Maheswari Brothers Coal Limited - India
  • Simpson Spence & Young - Indonesia
  • Mitsubishi Corporation
  • Mintek Dendrill Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Bukit Makmur.PT - Indonesia
  • UOB Asia (HK) Ltd