U.S. Pensions Slowly Catch-on to Low Carbon Strategies

New York State Comptroller Thomas DiNapoli

New York State Comptroller Thomas DiNapoli

Approximately 39 nations have put a price on carbon, while, generally speaking, oil, gas and other fossil fuel stocks have fared somewhat poorly in the equity markets in 2015. The market capitalization of the largest four U.S. coal companies have fallen more than 90% in 2015 due to expansive emission regulations, the inexpensive price of gas, higher cost of capital, sluggish exports and the growing usage of solar and wind energy. Missouri-based Arch Coal, the second largest coal miner in the United States, mentioned in November that they may file for chapter 11 bankruptcy, following the insolvency path of small coal miners like Walter Energy, Alpha Natural Resources and Patriot Coal. Thus, institutional investors embracing low carbon strategies have performed better recently compared to previous years. New York State Comptroller Thomas DiNapoli is part of a group of investment executives leading the charge on the adoption of low carbon strategies.

U.S. pensions are taking a second look at low carbon investment strategies.

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