28 October 2014
Fossil fuels have been crucial in the development of modern civilisation, but, if we wish to halt global warming, we know that we cannot burn all the fossil fuel resources we have found.
Tackling climate change requires a global solution and all industries will need to contribute. During the UN Secretary General’s Climate Summit this week the CEO of Saudi Aramco announced that the oil and gas sector would play its part in tackling climate change.
The concept of unburnable carbon has been picked by some US and international university campuses. Major endowments at Stanford, Yale and Harvard have had to respond and pressure is being applied to public pension funds and sovereign wealth funds.
This session looks at the practicalities of possible disinvestment in fossil fuels. Investors are looking for better financial analysis to give them a clearer understanding of the financial and climate risks from the capital expenditure and reserves strategies being pursued within the fossil fuel sector.
The event is organised by CFA Society United Kingdom.
(Registration is free for CFA Society UK members, non-members fee is £50)
Event: 18:00 – 19:00
Professor of Environmental Economics at the Smith School of Enterprise and the Environment
Chief Executive Officer at Carbon Tracker Initiative