Newsmakers
The Co-Founder of Shareholder Activism Is Dead, but His Cause Is Thriving
Along with Carl Icahn, oil tycoon T. Boone Pickens invented the corporate raider concept.
Tag: oil
Newsmakers
ExxonMobil, Shell Among 10 Oil companies Dumped By Danish Pension Fund
The move is part of MP Pension’s 2020 ESG plans, which favor the Paris Agreement.
Oil Prices Are in the Dumps, but Why?
The market thinks the trade war will ax demand, which is pretty good now.
Denmark’s PenSam Excludes 26 More Oil Firms
Fund keeps Shell and BP for now, but it will still watch the companies it did not divest from to see if—and how—their ESG efforts are improving.
Risk
Norway Approves Sovereign Wealth Fund Fossil Fuel Divestment
World’s largest pension fund will dump $13 billion worth of oil, gas, and coal investments.
Why Are Commodities Sliding? Blame China
Beijing already was trying to cool its economy, then the trade war struck.
Market Moves
A US-China Pact Would Boost Commodities, Citi Says
Recovery in raw materials should persist if an expected end to the trade tiff comes.
Risk
World’s Largest Sovereign Wealth Fund Cutting Volatile Energy Stocks
Norway wants to reduce portfolio’s vulnerability to oil’s tendency to crash.
Market Moves
Commodities Are Past the Worst, But Don’t Rejoice Yet
While raw materials are no longer slumping, Goldman isn’t that impressed.
Newsmakers
Norway Commission Recommends Against Oil Divestment
Panel says divestment would not protect against a permanent drop in oil prices.
Asset Allocation
Denmark’s PKA Fund Cuts 35 Oil Companies
Pension plan CEO says automotive industry is next.
EnCap Investments Closes Fund XI at $7 Billion
Fund XI focused on upstream sector of the North American oil and gas industry.
Castlelake and Perpetual Joint Venture to Invest in Oil and Gas
The Energy Information Administration reports that the US will likely emerge a net exporter of natural gas next year.
Saudi Arabia’s Stock Exchange Market Moves Forward with Reforms
Goal is to make Saudi Arabia less dependent on oil income and attract more foreign investors to the country’s capital markets.