'Extreme weather risks already threaten utility stocks — and are set to rise in frequency and intensity over time — but are not fully priced in.'
US utilities are at increasing risk of damage to their plants and stock price as climate change ups the likelihood of extreme weather events.
Utilities which fail to prepare for climate change related increases in extreme weather events trade at a discount and could impact investors in the long term, according to BlackRock research.And investing gurus are sounding the alarm for investors about the looming impact on publicly owned US utilities, which looks to bear the brunt of changes in the earth's climate.
"Electric utilities with exposure to extreme weather events typically suffer temporary price and volatility shocks in the wake of natural disasters," BlackRock said.Raj Thamotheram, who formerly led environmental, social and governance investing at pension fund USS, said investors in utilities and other energy producers could face"significant portfolio damage" as a result of the sector's"willful blindness" and failure to take action on climate risk.
But this may change going forward. 20 investors with around $1.8 trillion under management wrote to US utilities last month to urge them to decarbonize and upgrade systems, saying that the world was on a path to"climate disaster."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Finland's election topics: Climate change, welfare, agingGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news.
Weiterlesen »
'I am considering it': Manchin may run for governorSen. Joe Manchin, D-W. Va., comments on AG Barr's remarks about not defend the ACA and why he says it's misguided for the GOP to 'start over from nothing' on health care. Manchin discusses if he may run for governor.
Weiterlesen »
Stocks making the biggest moves premarket: J&J, Bank of America, BlackRock, Netflix & moreSome of the names on the move ahead of the open.
Weiterlesen »
Stock market at ‘risk of a melt-up, not a meltdown’, warns BlackRock’s Larry FinkBlackRock Inc. Chief Exeuctive Larry Fink says that with stocks knocking on the door of record highs, a surge to the upside appears more likely than a market...
Weiterlesen »
BlackRock strategists advocate trimming investment portfolio riskStrategists at the world's largest asset manager BlackRock Inc told their f...
Weiterlesen »
Stocks could have a 'melt-up' from here, BlackRock's Larry Fink saysStocks could rally even more in 2019 as more money jumps back into the market, BlackRock CEO Larry Fink says.
Weiterlesen »
Stocks could have a quick surge from here, BlackRock's Larry Fink saysStocks could rally even more in 2019 as more money jumps back into the market, says the head of the world's largest asset manager.
Weiterlesen »
Omar: 'I am as American as everyone else is'Rep. Ilhan Omar shot back at a Fox News host late Wednesday after he questioned her allegiance to America, saying she is 'as American as everyone else is.'
Weiterlesen »
Here's Everything We Know About The New 'Charlie's Angels' Movie, And I Am So Excited9 Things You Need To Know About The Upcoming 'Charlie's Angels' Movie
Weiterlesen »
Rep. Ilhan Omar defends herself: 'I am as American as everyone else is''I am as American as everyone else is.' Rep. Ilhan Omar, one of the first Muslim women elected to Congress, defends herself after backlash over controversial comments she made last month regarding the Sept. 11th attacks.
Weiterlesen »
Disney Just Announced All The Info About Its New Streaming Service, And I Am Shook'SHUT UP AND TAKE MY MONEY'—You to Disney
Weiterlesen »