Our social channels


We carry out scenario analysis and research to examine and understand how potential changes to supply and demand will impact the future of fossil fuel-exposed companies and projects. This analysis helps the investment community better understand the financial implications of tackling climate change

Our Latest Research

Automotive Analyst Note 24 May 2023

Blindspot: Auto Loan ABS An Asset-Backed...

Poorly performing Auto Loan ABS has the potential to put the brakes on bond holder returns and automaker cashflow In developed markets,...
Analyst Notes Analyst Note 05 May 2023

Missed Pitch

 Many leading asset managers’ investment practices deviate from climate positioning. As awareness of the climate crisis increasingly...
Corporate Research Analyst Note 13 April 2023

NextEra – NEE and the Sunshine Band

Transition Plan Analysis In this note Will Grainger, our Senior North American Power and Utilities Analyst, outlines the key components...
Gas Analyst Note 01 February 2023

Marginal Call

Recent extreme price spikes for the GB power market have triggered key discussions over whether the time has come for a shift in the way...
Climate risk disclosure Analyst Note 11 January 2023

A New Theory of ARO Creditor Rights

With approximately 2.1 million abandoned wells across the U.S., there is growing concern about unfunded asset retirement obligations (AROs)...

Taking Stock of Coal Risks

Power Analyst Note November 2021

$110 billion of coal plants owned by listed Asian utilities could become uneconomic as the world takes action to meet climate...

Read More

Apocoalypse Now

Analyst Notes Analyst Note October 2019

The energy complex has EU coal generators in a chokehold. Are policymakers and investors prepared for what comes next? In this...

Read More

The Decline Rate Delusion

Energy transition Analyst Note April 2019

The argument is often made that oil reserves have high natural decline rates which necessitate the continuous investment in and...

Read More

Scope for Improvement

Oil Analyst Note January 2019

Why carbon intensity ambitions are welcome, but strict limits on future project sanction remain the route to Paris...

Read More

Electric Vehicle Tracker

Oil Analyst Note December 2017

Headlines Growth of electric vehicles (EVs) in scenarios developed by some oil majors is ten years behind the level expected...

Read More