• 6 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 2 hours WTI @ $75.75, headed for $64 - 67
  • 1 hour U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 16 mins Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 8 mins Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 8 hours U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
  • 5 hours OPEC's No. 2 Producer Wants to Know How Buyers Use Its Oil
  • 26 mins UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 6 hours Iranian Sanctions - What Are The Facts?
  • 4 hours China Thirsty for Canadian Crude
  • 20 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 20 hours Shell, partners approve huge $31 billion LNG Canada project. How long till Canadian Federal government Environmentalates it into the ground?
  • 4 hours Who's Ready For The Next Contest?
  • 7 hours EU to Splash Billions on Battery Factories
Alt Text

IEA: Renewables Set For Explosive Growth

The IEA sees strong growth…

Alt Text

New Breakthrough Could Slash Solar Prices To New Lows

Scientists believe they’ve found a…

Alt Text

The Overlooked Giant In Renewables

The IEA expects renewable energy…

Martin Tillier

Martin Tillier

More Info

Trending Discussions

A Big Pension Fund Is Investing Heavily In Clean Energy. What Should You Do?

Earlier this week, one of the largest pension funds in America, the California State Teachers’ Retirement System (CalSTRS) made an announcement that was of particular interest to energy investors. They announced that they would be nearly tripling the amount they have invested, bringing it to around $3.7 Billion. Obviously, that a fund of that size is to step up investment in that sector is good news, but investors should be careful not to read too much into the announcement.

First, let’s look at what they didn’t say. They didn’t, as some coverage of the news has suggested, say that they are divesting themselves of more traditional energy investments. Indeed, Fund CEO Jack Ehnes, in a subsequent interview with NPR, pointed out that two of the fund’s top ten holdings were Exxon Mobil (XOM) and Chevron (CVX) and laid out no plan to sell or even reduce those holdings. I have said before that successful energy investing, like successful investing in general, calls for some diversification. You may feel that renewable energy is the future, but should always keep in mind that that future could be some way away.

Searching through the published holdings of the fund I found that their total invested in the two big oil companies is around $2 Billion. Now obviously that is a substantial sum, but considering that XOM and CVX have a combined market cap of around $650 Billion even if they did divest themselves it would probably have little effect…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News