Report: The Financial Case for Fossil Fuel Divestment
The financial case for investing in fossil fuels is losing ground as the powerful oil and gas industry continues its steady decline, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
In a briefing note released Feb. 6, Fossil Fuel Investments: Looking Backwards May Prove Costly to Investors in Today’s Market, IEEFA analysts concluded that investing in the fossil fuel sector no longer made sense in light of its last-in-class S&P position in 2018, a decade of lagging stock market performance, fewer institutional investors, depressed profits and a weak outlook.
“If you take an honest look at the data, the sector has underperformed in the stock market for a decade and continues to perform poorly,” said Kathy Hipple, IEEFA financial analyst and co-author of the briefing note.
Read the July, 2018 Report: The Financial Case for Fossil Fuel Divestment by clicking here.