How do GHG rules weigh on oil investments? New tool crunches the numbers

CALGARY - A new report aims to help investors better understand how their oil holdings may fare under stricter climate change rules.

See Full Article

The report -- Crude Oil Investing in a Carbon Constrained World -- was penned by analysts at ARC Financial, a private equity firm based in Calgary.

The paper is essentially a how-to guide for investors to crunch the numbers, based on publicly available research and models, that helps them decide whether it makes sense to put money into a given oil asset.

Co-author Jackie Forrest says a lot of big oil companies disclose their carbon costs, but it's hard to do a proper comparison because there's no uniform way to calculate those figures.

Earlier this week, the board of governors at the University of British Columbia rejected calls from students and faculty to divest fossil fuel holdings, instead promising to create a low-carbon investment fund.

Forrest says dismissing all fossil fuel investments oversimplifies the issue, adding that many assets can make good returns even with higher carbon costs.


Latest Economic News

  • Scandal-hit Weinstein Co. files for bankruptcy protection

    Economic CTV News
    NEW YORK -- The Weinstein Co. filed for bankruptcy protection on Monday with a buyout offer in hand from a private equity firm, the latest twist in its efforts to survive the sexual misconduct scandal that brought down co-founder Harvey Weinstein, shook Hollywood and triggered a movement that spread out to convulse other industries. Source
  • Court filings say multiple offers for Toys 'R' Us Canadian stores

    Economic CTV News
    U.S. court filings show that debtors for Toys "R" Us have received multiple non-binding offers for the Canadian division of the troubled retailer. The bankruptcy documents say debtors had reached out to more than 20 interested parties in a bid to sell off the 82 stores in Canada as the toy retailer looks to wind down operations. Source
  • TSX ends down along with U.S. markets, Canadian dollar makes slight gains

    Economic CBC News
    Canada's main stock index joined U.S. markets in the red Monday as a Federal Reserve meeting looms and a share price hit at Facebook over improper data use weighed on the tech sector. The S&P/TSX composite index closed down 121.94 points to 15,589.39, led by declines in energy and base metals as both oil and copper prices slipped. Source
  • Analyst warns B.C. gas prices could soon hit a record high

    Economic CTV News
    VANCOUVER -- Drivers in British Columbia should brace for record high gasoline prices this summer and the financial pain has the potential to spread across the country, says a petroleum industry analyst. Dan McTeague of the online tech company GasBuddy predicts that beginning in April and continuing to September, gasoline prices across much of B.C. Source
  • Facebook shares fall as EU, U.S. urge probes of data practices

    Economic CBC News
    Facebook Inc. faced growing pressure on Monday after European and U.S. lawmakers called for investigations into reports that a consultancy that worked on President Donald Trump's campaign gained access to data on 50 million Facebook users. Source
  • Nordstrom Rack to open first Canadian store in Vaughan, Ont., Toronto to follow

    Economic CTV News
    TORONTO -- American department store Nordstrom is opening the first Canadian location of its discount Rack chain on Thursday. The 35,000-square-foot store will be situated north of Toronto at Vaughan Mills mall. It is promising savings of up to 70 per cent on products from 38 of the 50 brands already sold in its Canadian department stores. Source
  • Greenpeace says brands refusing to reveal palm oil sources

    Economic CTV News
    JAKARTA, Indonesia -- Greenpeace says several major household brands including Hershey and Johnson & Johnson have failed to disclose where they get their palm oil from despite vows to stop buying from companies that cut down tropical forests to grow the widely used commodity. Source
  • 'Took fake news to the next level': Facebook data whistleblower on U.S. election

    Economic CTV News
    NEW YORK -- A Trump-affiliated firm under scrutiny for inappropriately obtaining data on tens of millions of Facebook users created profiling algorithms that "took fake news to the next level," a former employee said. Chris Wylie said the firm, Cambridge Analytica, secured personal data in order to learn about individuals and then used it to create an information cocoon to change their perceptions. Source
  • How Facebook likes could profile voters for manipulation

    Economic CTV News
    NEW YORK -- Facebook likes can tell a lot about a person. Maybe even enough to fuel a voter-manipulation effort like the one a Trump-affiliated data-mining firm stands accused of -- and which Facebook may have enabled. Source
  • Claire's files for bankruptcy, Canadian stores spared

    Economic CTV News
    NEW YORK -- Claire's, the mall chain that has pierced the ears of millions of teens, has filed for Chapter 11 bankruptcy protection in the U.S. but its Canadian and European stores are not involved. Source