Kampagner mod investeringer i gas- og olieindustrien virker

Forfatter billede

Fremtiden er alligevel ikke så sikker for den fossile industris investorer. Analyser viser, at de fossile energiaktier udgør en boble, der venter på at briste, hvis industrien forsøger at modstå det stigende pres fra lovgivning og kampagner om klimaændringer.

The giant corporations powering the fossil fuel industry are warned that they face a damaging backlash if they try to resist the mounting pressures of climate change legislation and high-profile campaigning

The financial and economic muscle of the global fossil fuel industry’s corporate behemoths will not protect them from the costly effects of negative stigmatisation if they ignore climate change pressures, according to a new academic study.

The influence wielded on world stock markets by such corporations is enormous, with oil and gas companies alone making up about 20% of the value of the London financial index and about 11% of that in New York.

However, if any meaningful action is to be taken on climate change in the years ahead, the activities of the fossil fuel industry will have to be severely curtailed and the bulk of assets frozen, inevitably leading to a sharp decrease in corporate valuations – what some analysts refer to as a bursting of the “carbon bubble”.

Not only are such corporations coming under increasing pressure from regulators and from climate legislation limiting CO² emissions, but a high-profile campaign is also under way to persuade investors to withdraw from companies involved with the fossil fuel industry.

According to the new study by academics at the Smith School of Enterprise and the Environment at Oxford University, the fossil fuel companies cannot afford to ignore such campaigns.

If they do, they will – at the very least – risk severe damage to their reputation, but they could also face increasing problems raising finance for their work.

The study, Stranded Assets and the Fossil Fuel Divestment Campaign, compares campaigns going on in the fossil fuel sector with other similar movements that have taken place − such as the campaign against corporations with investments in apartheid South Africa, and tussles with the tobacco, munitions and gaming industries.

The campaign against fossil fuel investments is spearheaded by the 350.org group, under the title Fossil Free. The Smith School study says the campaign draws heavily on the experience of targeting apartheid-era investments in South Africa.

Targeting investors

Læs videre her: http://www.climatenewsnetwork.net/2013/10/bubble-may-burst-for-fossil-fuel-giants/?r44b=no