Stranded assets and the fossil fuel divestment campaign: What does divestment mean for the valuation of fossil fuel assets?

By A. Ansar, Ben Caldecott, J. Tilbury. 2013

189 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/7b3e360b303a7303e80643452d9720e50237abd4

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Citations in the corpus

Non-state governance and climate policy: the fossil fuel divestment movement (2017, unknown): “…ventures, the likelihood of a cessation of engagement by customers, contractors, and suppliers, and the possibility that governments will impose restrictive regulatory measures affecting the ability of companies to conduct business (Ansar et al., 2013), further increasing uncertainty in the market.”
Can Sustainable Investing Save the World? Reviewing the Mechanisms of Investor Impact (2020, background): “Baker et al. (2018) find that at issue, the yields of green bonds are on average 0.”
Global Sustainable Development Report 2019 (2019, unknown): “439 Ansar et al., 2013.”
Introduction to special issue: stranded assets and the environment (2017, background): “It has also helped to spur the development of the fossil fuel divestment campaign (Ansar, Caldecott, and Tibury 2013).”
European Green Mutual Fund Performance: A Comparative Analysis with their Conventional and Black Peers (2015, unknown): “…and the Norwegian Sovereign Wealth Fund, suggest that the awareness of climate change impact has led to attempts by some investors to withdraw from undertakings with significant ties to fossil fuels (see Ansar et al. 2013), or at the very least price in the externalities of fossil fuel consumption.”
Environmental Beta or How Institutional Investors Think about Climate Change and Fossil Fuel Risk (2019, background): “…this potential stranding raises for institutional investors, and the attendant implications for (in)stability and volatility in financial markets (Ansar et al. 2013)—concerns also highlighted by senior financial regulators such as Mark Carney, chairman of the Financial Stability Board, which is…”
The threat to climate change mitigation posed by the abundance of fossil fuels (2018, background): “Although divestments from the fossil fuel industry seems to be increasing, Ansar et al. (2013) point to the fact”
The Pricing of Carbon Risk in Syndicated Loans: Which Risks are Priced and Why? (2021, unknown): “One instance of carbon risk that has received early attention in the literature is the case of stranded assets in the fossil fuel industry (Ansar et al (2013)).”
Science and the Stock Market: Investors’ Recognition of Unburnable Carbon (2014, background): “See Ansar et al. (2013) for a review of this literature.”
Fossil Fuel Divestment and Portfolio Performance (2018, background): “…fuel company stocks may receive additional returns due to high litigation and reputational risks (cf. Hong and Kacperczyk, 2009) and industry and environmental challenges, such as the need for a radical transition towards low- or zero‑carbon sources (Ansar et al., 2013; Busch and Hoffmann, 2007).”
What Do We Mean by Sustainable Finance? Assessing Existing Frameworks and Policy Risks (2021, background): “Stranded assets can be defined as “assets that have suffered unanticipated or premature write-downs, devaluations, or conversions to liabilities” [44], and may become particularly relevant in the context of transition to a low-carbon economy [45,46].”
Fossil fuel supply and climate policy: exploring the road less taken (2018, background): “They have also spurred a movement that has spurred individuals and institutions to commit over US$5 trillion in assets to funds that a divested from fossil fuel companies (Ansar et al. 2013; Arabella Advisors 2016).”
Path dependence, innovation and the economics of climate change (2014, background): “Ansar et al. (2013) calculate that fossil fuel companies make up a large proportion of listed stock exchanges (11 per cent of S&P500 and 20 per cent of FTSE) and comprise a sizeable proportion of Western university endowments and public pension funds (2- 5 per cent).”