Friday September 22, 2006

Institutional investors warned about peak oil and climate change

energybulletin.net :

A major report warns institutional investors to pay attention to the dangers of climate change and peak oil. The fourth Carbon Disclosure Project report is the result of a collaboration of 225 institutional investors with combined assets of $31 trillion. Winston Hickox, Senior Portfolio Manager of Environmental Initiatives at CalPERS, the largest pension fund in the United States with over $211 billion in assets under management writes :

"The world that lies ahead is highly likely to be significantly different as compared to the world we see in our rear-view mirrors. A changing climate will require different risk models, beginning with insurance companies and extending to the entire structure of our global economy. Energy pricing and the need to rethink our sources of energy will be equally significant as drivers of change in the global economy.

Fiduciary duty requires that institutional investors make every effort to understand and quantify risk, as well as mitigate and find opportunity in its wake. Climate change and peak oil are extremely large-scale external forces bearing down on the global economy that plain and simply REQUIRE focused study followed by measured reaction on the part of investors."

See also :

1. Peak oil forecasters win converts on Wall Street to $200 crude
2. On Peak Oil investing

(2006-09-22 00:03:51 SGT) [Energy] Permalink

Most popular blog postings on lowem.log :

1. Singapore MRT rail network length to double by 2020
2. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
3. Live spot gold price quotes chart on COMEX
4. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
5. AVG Anti-Virus Free Edition 2011 direct download link
6. Real-time live gold and silver price quotes chart on COMEX
7. Singapore electric vehicles : Government agencies EMA and LTA to study EV introduction
8. Book review : Shut Down by William Flynn

Featured articles on lowem.log :

1. Book review : Shut Down by William Flynn
2. Singapore electric cars testing starts with 9 electric vehicles
3. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
4. 2010 Honda Civic Hybrid preliminary specifications released
5. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
6. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore : Nuclear power not ruled out