Alder Renewables’ Post

Europe’s supermajors are doubling down on their core business, returning cash to shareholders and considering relocation to the United States to boost their valuations. Shell, BP, and TotalEnergies are rediscovering themselves and activist investors are not liking it—but everyone else is. Three years ago, Big Oil supermajors in Europe were all about the energy transition and pivoting from their core business to a greater diversification into things like wind, solar, EV charging, biofuels, and all things non-hydrocarbons. At the time, the supermajors were trying to capture a portion of the emerging ESG investor sector, competing against pure-play transition players riding the highway of government support and urgent activist calls for a shift away from oil and gas. Now, in just three short years, this has changed. The energy crunch in Europe that began in late 2021 and unfolded to spectacular proportions in 2022 dealt a blow to ESG investing and reminded the world of investing what it’s all about: money.

Looking forward to joining Annabelle Codrington and Tahlia Mack (Zanjani) at this week's Australasian Investor Relations Association (AIRA) annual conference! As an ex-investment banker, I'm eager to learn about redirecting investments from #fossilfuels to #renewables. Come say hello and discover our single source of truth ESG platforms. #ESG, #esgreporting, #climateemergency, #humanrights and #modernslavery. #AIRA2024

We are excited to announce our Core Equity Ex-Fossil Fuels Fund CCF* recently surpassed a milestone of US$500 million! The achievement is particularly significant in the face of ongoing ESG push back and a challenging period for fossil fuel divestment due to rising oil and commodity prices following the war in Ukraine. The Fund, which is available in a tax-transparent CCF vehicle, innovatively addresses both the supply side of fossil fuel energy generation through divestment, and the demand side through the over and underweighting of companies based on their Resource Efficiency - carbon emitted, water consumed, and waste generated. #ResourceEfficiency #SustainableInvesting #FossilFuels *Important Information: This Fund is not available to US investors.

ESG investing is broken. The #ESG investment lobby has done an excellent job of telling us all what we should and should not be doing for a #lowcarbon future, coming up with more and more requirements, constantly moving the goalposts and generally causing confusion based on changing and disunited methodologies. #Invest in #renewables they said. Decarbonize your operations they said. Attack #methane emissions they said. At Repsol we´ve done all of that, and then some, and are generally recognized as a leader in the sector in terms of our energy transition approach. We’ve been devoting more than a third of our total investments to low-carbon businesses for a number of years and will continue to do so. And when all is said and done, #BloombergIntelligence concludes that we trade at a price/earnings discount because we’re energy transition leaders. If you know anything about #energy and investing, you’ll be reading this thinking “why is he stating the bleeding obvious?” based on the fact that investors usually either want pure #Oil&Gas or pure Renewables propositions rather than something in between. Yet the whole world is somewhere in between the old energy mix and the new and we could do with more #investors supporting the actual transition, accompanying those making the journey. So if you’re listening, dear ESG investors, please create an incentive that meaningfully draws investment to where it's needed, because the current state of affairs is failing those of us who have committed wholeheartedly to the #energytransition.

It's official: Air Liquide is now a regular issuer of green bonds. The Group successfully launched its second #greenbond issue, following an inaugural offering in 2021. This allowed us to raise 500 million euros with a 10 year maturity at a very competitive all-in yield of 3.466%, despite a busy market day. The success of this significantly oversubscribed issuance illustrates the market’s confidence in Air Liquide's capacity to develop technologies and projects which contribute in particular to the #decarbonization of Industry and Mobility. Indeed, the proceeds of this bond will notably be dedicated to financing low-carbon air gases, low-carbon #hydrogen, and #carbon capture projects. In each of these fields, the Group has developed innovative solutions, such as hydrogen production by water electrolysis, carbon capture for hard-to-abate industries and Air Separation Units specially adapted to renewable energy. This new issuance also confirms our commitment to make Air Liquide’s Finance department a core contributor of the Group’s #sustainability objectives. Green bonds are a significant part of it, but not all of it. In 2019, the Group aligned its syndicated credit line to three #CSR objectives. And in 2023, it signed the first green loan worldwide  to finance low-carbon hydrogen production units in China. Not to mention the fact that our strategic plan for 2025, ADVANCE, inseparably links financial and extra-financial performances. Congratulations to the teams for this very successful transaction! 🙏 Jacques Molgo Guillaume Serey Thomas Lemée Chloé Audrin Yâsmine Najid Guillaume De Smedt 

European supermajors like Shell, bp, and TotalEnergies are shifting back to their core business of oil and gas, prioritising profits over ESG initiatives. This pivot comes after an energy crunch and slow returns from renewable investments. Despite the initial push towards wind, solar, and biofuels, these companies are now again focusing solely on shareholder returns, with reduced emphasis on ESG goals. This shift highlights the enduring profitability of oil and gas, despite political and activist pressures for energy transition. 💡 An energy crunch refers to a period of significant shortage or limited availability of energy resources, such as oil, gas, or electricity, which leads to higher energy prices, potential power outages, and economic disruptions. This can be caused by various factors, including geopolitical tensions, supply chain disruptions, natural disasters, or rapid increases in demand. The energy crunch in Europe, for example, was exacerbated by reduced gas supplies from major exporters, increasing demand, and issues with renewable energy production, leading to higher energy costs and increased focus on the reliability of traditional energy sources. https://lnkd.in/dtagr7Pz #renewableenergy #energytransition #sustainableInvesting #climateaction

Great commentary by Thomas Papworth on #energytransition and #criticalminerals

Traditional vs renewable energy divergence As we all know, ESG (Environmental, Social and Governance) investments have been booming for years. The (noble) attempt to improve corporate behaviour has not translated into higher returns for investors, at least in the energy sector, which we analyse in this Bloomberg chart. The conventional energy ETF's return was up 86% as of May 2019, while the Invesco clean energy ETF despite a huge volatility, only 23%. Chart Source: Bloomberg Credits: Vittorio Treichler - Partner and Market Strategist at NOVUM CAPITAL PARTNERS SA #ESGInvesting #RenewableEnergy #CleanEnergy #Sustainability #Investment #EnergySector #EnvironmentalImpact #Finance #ESG #InvestingTrends

#novumcapitalpartners Traditional vs renewable energy divergence As we all know, ESG (Environmental, Social and Governance) investments have been booming for years. The (noble) attempt to improve corporate behaviour has not translated into higher returns for investors, at least in the energy sector, which we analyse in this Bloomberg chart. The conventional energy ETF's return was up 86% as of May 2019, while the Invesco clean energy ETF despite a huge volatility, only 23%. Chart Source: Bloomberg Credits: Vittorio Treichler - Partner and Market Strategist at NOVUM CAPITAL PARTNERS SA #ESGInvesting #RenewableEnergy #CleanEnergy #Sustainability #Investment #EnergySector #EnvironmentalImpact #Finance #ESG #InvestingTrends

TCu29 offers investors the chance to support sustainable practices by investing in copper, a key component of green energy technologies. Our copper-backed tokens align with ESG criteria, providing a responsible investment option in the growing demand for renewable resources. Explore sustainable investment opportunities with TCu29 at tcu29.io. #Sustainability #ESG #GreenEnergy #TCu29 #Copper