{"id":2430740,"date":"2022-03-22T12:36:00","date_gmt":"2022-03-22T16:36:00","guid":{"rendered":"https:\/\/www.valuewalk.com\/?p=2430740"},"modified":"2022-03-22T12:36:00","modified_gmt":"2022-03-22T16:36:00","slug":"addiction-to-fossil-fuels-is-mutually-assured-destruction-and-it-could-hit-your-portfolio-too","status":"publish","type":"post","link":"https:\/\/www.valuewalk.com\/addiction-to-fossil-fuels-is-mutually-assured-destruction-and-it-could-hit-your-portfolio-too\/","title":{"rendered":"Addiction To Fossil Fuels Is &#8216;Mutually Assured Destruction&#8217; &#8211; And It Could Hit Your Portfolio Too"},"content":{"rendered":"<p>Not only will addiction to fossil fuels drive the world\u2019s \u201cmutually assured destruction,\u201d it could also hit your investment <a href=\"https:\/\/www.valuewalk.com\/whats-spooking-your-portfolio-this-halloween\/\">portfolio<\/a>, warns the CEO of one of the world\u2019s largest independent financial advisory, asset management and fintech organisations.<\/p>\n<div class=\"ca-widget\" data-token=\"j54004fda7f3\"><\/div>\n<p><script async defer src=\"https:\/\/secure.money.com\/embeds\/embedder.js?v=1\"><\/script><\/p>\n<h2>Addiction To Fossil Fuels<\/h2>\n<p>The warning from Nigel Green of deVere Group, a game-changing global financial giant, comes as UN Secretary General Antonio Guterres said at an event organised by The Economist: \u201cCountries could become so consumed by the immediate <a href=\"https:\/\/www.valuewalk.com\/private-equity-firm-carlyle-groups-fossil-fuel-investments-draw-protest\/\">fossil fuel<\/a> supply gap that they neglect or knee-cap policies to cut fossil fuel use.<\/p>\n\n\t<!-- Begin Mailigen Signup Form -->\n\t<script type=\"text\/javascript\">\n\t\tif (typeof jQuery == 'undefined') {\n\t\t\tdocument.write('<scr' + 'ipt type=\"text\/javascript\" src=\"https:\/\/list.mailigen.com\/js\/jquery.js\"><\/scr' + 'ipt>');\n\t\t}\n\t<\/script>\n\t<script language=\"javascript\" type=\"text\/javascript\" src=\"https:\/\/list.mailigen.com\/js\/scripts.js\"><\/script>\n\t<script language=\"javascript\" type=\"text\/javascript\" src=\"https:\/\/list.mailigen.com\/js\/subscribe2.js\"><\/script>\n\t<div id=\"MG-placeholder\">\n\t<style>.first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important}\n\n\tform.ebook-styles .error,\n\tform.ebook-styles #error {\n\t\tcolor:#d00;\n\t}\n\tform.ebook-styles .formfields h1,\n\tform.ebook-styles .formfields #mg-logo,\n\tform.ebook-styles .formfields #mg-footer {\n\t\tdisplay: none;\n\t}\n\tform.ebook-styles .formfields {\n\t\tfont-size: 12px;\n\t}\n\tform.ebook-styles .formfields p {\n\t\tmargin: 4px 0;\n\t}\n\t<\/style>\n<div style=\"background:#eee;display:block;overflow:hidden;margin-bottom:24px;padding:40px;\">\n<div class=\"two-thirds first\">\n<p style=\"font-size:22px;margin:0 0 10px;\">Get Our Activist Investing Case Study!<\/p>\n\t<p style=\"line-height:1.4;margin-bottom:0;\">Get The Full Activist Investing Study In PDF<\/p>\n\t<form action=\"https:\/\/valuewalk.us4.list-manage.com\/subscribe\/post?u=c3eb7a1d092fc854772c834e0&amp;id=f6f5bdb8b5\" method=\"post\" id=\"mc-embedded-subscribe-form\" name=\"mc-embedded-subscribe-form\" class=\"validate\" target=\"_blank\" novalidate>\n <div id=\"mc_embed_signup_scroll\">\n \n\t\t\t\t<div class=\"af-element mc-field-group \">\n\t\t\t\t\t<div class=\"af-textWrap c1\"><input type=\"email\" value=\"\" placeholder='Email Address' name=\"EMAIL\" class=\"required af-element email\" id=\"mce-EMAIL\"><\/div>\n\t\t\t\t\t<div class=\"af-clear\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"af-element buttonContainer\">\n\t\t\t\t\t<input type=\"submit\" value=\"Subscribe\" name=\"subscribe\" id=\"mc-embedded-subscribe\" class=\"button\">\n\t\t\t\t<\/div>\n \n \n\t<div id=\"mce-responses\" class=\"clear\">\n\t\t<div class=\"response\" id=\"mce-error-response\" style=\"display:none\"><\/div>\n\t\t<div class=\"response\" id=\"mce-success-response\" style=\"display:none\"><\/div>\n\t<\/div>    <!-- real people should not fill this in and expect good things - do not remove this or risk form bot signups-->\n    <div style=\"position: absolute; left: -5000px;\" aria-hidden=\"true\"><input type=\"text\" name=\"b_c3eb7a1d092fc854772c834e0_f6f5bdb8b5\" tabindex=\"-1\" value=\"\"><\/div>\n    \n    <\/div>\n\t<\/form>\n\t<script type='text\/javascript' src='\/\/s3.amazonaws.com\/downloads.mailchimp.com\/js\/mc-validate.js'><\/script><script type='text\/javascript'>(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true);<\/script>\n<\/div>\n<div class=\"one-third\">\n<img decoding=\"async\" src=\"https:\/\/c2.staticflickr.com\/8\/7443\/10159650595_5b591c111a_z.jpg\" alt=\"Timeless Reading eBook\" style=\"width:100%; height:auto\">\n<\/div><\/div><\/div><!-- End Mailigen Signup Form -->\n<p style=\"text-align: center;\"><a href=\"https:\/\/valuewalkpremium.com\/q4-2021-hedge-fund-letters\/\" target=\"_blank\"><em><strong>Q4 2021 hedge fund letters, conferences and more<\/strong><\/em><\/a><\/p>\n<p>\u201cThis is madness. Addiction to fossil fuels is mutually assured destruction.\u201d<\/p>\n<p>Nigel Green comments: \u201cThe Secretary General is, of course, right. The race to replace Russian oil, gas and coal supplies could have catastrophic, irreversible consequences for the planet.<\/p>\n<p>\u201cThe international scramble to fill the energy gap is putting in serious jeopardy the essential goal of capping global warming at 1.5 degrees Celsius set out in The <a href=\"https:\/\/www.valuewalk.com\/cdp-xommentary-on-unfccc-ndc-synthesis-report\/\">Paris Agreement<\/a>.<\/p>\n<p>\u201cIt\u2019s critical that countries around the world continue to work on their reduction of emissions in order that we have any chance of meeting the target of a 45% cut in global emissions by 2030.\u201d<\/p>\n<p>Last year deVere Group joined global financial powerhouses - the world\u2019s two largest credit rating agencies, six major audit networks, three leading index providers, and two global stock exchanges - in becoming a founding member of a new international alliance that will help accelerate the transition to a net zero financial system.<\/p>\n<p>The Net Zero Financial Services Providers alliance joins the Glasgow Financial Alliance for Net Zero, the UN group for financial institutions to make credible net zero commitments through the UN\u2019s Race to Zero project.<\/p>\n<h2>Hitting The Brakes On Decarbonisation<\/h2>\n<p>The deVere CEO continues: \u201cHitting the brakes on <a href=\"https:\/\/www.valuewalk.com\/sp-assigns-fortescue-metals-group-esg-evaluation-of-66-preparedness-strong\/\">decarbonisation<\/a> is not only a serious issue for our planet, it could also hit investors\u2019 portfolios if they move away from sustainable investments.<\/p>\n<p>Impactful investments have been making up an increasingly large proportion of portfolios in recent years. Indeed, they have gone from \u2018nice to have\u2019 to a legitimate portfolio diversification tool that delivers profits with purpose.<\/p>\n<p>\u201cThis trend should not change in the wake of the current geopolitical issues. We are in extraordinary times, but these do not last forever \u2013 as financial history teaches us - and investments should remain future-focused.<\/p>\n<p>Earlier this month, Nigel Green said the case for green energy being an investment megatrend of the decade has not changed for three key reasons.<\/p>\n<p>First, governments and regulators are becoming increasingly pro-ESG which boosts investor confidence. Second, as millennials, who are statistically more likely to seek responsible investment options, become the major beneficiaries of the largest intergenerational transfer of wealth \u2013 an estimated $30tn in the next few years \u2013 we can expect both retail and institutional investors to continue to pile into ESG. Third, the pandemic focused minds on the fact that the health of our planet directly affects human health which, in turn, affects the way we all live and work. This global mindset shift represents enormous opportunities for investors.<\/p>\n<p>The deVere CEO concludes: \u201cInvestors need to think carefully before rushing to reposition portfolios away from future-focused alternatives in the wake of the <a href=\"https:\/\/www.valuewalk.com\/the-west-is-still-trying-to-diversify-away-from-russia\/\">Russia<\/a>-Ukraine situation.<\/p>\n<p>\u201cClimate change remains the greatest risk to economies and communities around the world \u2013 and there are major opportunities and high rewards for those who invest in a more sustainable future.\u201d<\/p>\n<hr \/>\n<p><em>Twitter: @PriorConsults<\/em><\/p>\n<p><em>deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n ","protected":false},"excerpt":{"rendered":"<p>Not only will addiction to fossil fuels drive the world\u2019s \u201cmutually assured destruction,\u201d it could also hit your investment portfolio, &#8230; <a title=\"Addiction To Fossil Fuels Is &#8216;Mutually Assured Destruction&#8217; &#8211; And It Could Hit Your Portfolio Too\" class=\"read-more\" href=\"https:\/\/www.valuewalk.com\/addiction-to-fossil-fuels-is-mutually-assured-destruction-and-it-could-hit-your-portfolio-too\/\" aria-label=\"More on Addiction To Fossil Fuels Is &#8216;Mutually Assured Destruction&#8217; &#8211; And It Could Hit Your Portfolio Too\">Read more<\/a><\/p>\n","protected":false},"author":2476,"featured_media":2427701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6640],"tags":[],"states":[],"acf":[],"modified_by":"Umair Tariq","_links":{"self":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2430740"}],"collection":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/users\/2476"}],"replies":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/comments?post=2430740"}],"version-history":[{"count":0,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2430740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media\/2427701"}],"wp:attachment":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media?parent=2430740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/categories?post=2430740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/tags?post=2430740"},{"taxonomy":"states","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/states?post=2430740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}