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Reishus Consulting, LLC
With American federal climate policy in retreat after President Trump announced his intention for the US to withdraw from the Paris Accords, where will climate change activists focus their efforts? While recent announcements coming from local politicians indicate that cities from Portland to Pittsburgh, plus many states, are intent on moving forward with strategies to decarbonize, corporations form a key sector whose willingness to embrace strategies to avoid climate risk matters greatly. Do shareholder activists play a critical role in forcing large businesses, especially those firms holding fossil fuel assets, to acknowledge risks and adopt strategies that directly address climate… [more]View Discussion
In a Yardeni Research blog post highlighted by an article in the New York Times, economist Ed Yardeni argued that rising oil prices “may actually be good for the stock market, up to a point.” This is due, in part, to energy sector companies like Chevron and Exxon making up more than 12% of the S&P 500’s market capitalization. Yardeni notes that since late 2008 there has been “a strong positive correlation between energy prices and the stock market.” If prices continue to rise, however, the odds of that positive effect lasting diminishes. “At some point,” Yardeni told the Times,… [more]View Discussion
ExxonMobil recently released its 2012 Outlook for Energy: A View to 2040, a report forecasting energy trends out for the next several decades. Among the projections highlighted in ExxonMobil’s announcement: “Global energy demand is expected to rise by about 30 percent from 2010 to 2040, [but] demand growth would be approximately four times that amount without projected gains in efficiency.” “ExxonMobil sees advanced hybrid vehicles accounting for 50 percent of the cars people will drive in 2040, compared to about 1 percent today. This, plus improved fuel economy in conventional vehicles, will cause demand for energy for personal vehicles to… [more]View Discussion