In the investment and environmental communities, there has been a lot of discussion about stranded energy assets in the last few years. A recent article in the Guardian state that US and Chinese companies top the list of most polluting coal plants.
This article from the Smith School of Enterprise and the Environment, and the research underlying the article, identify the type and amount of coal-fired power plants that need to close to have a chance to remain within a 2°C temperature increase in the future. These assets will become stranded, or unusable, if the regulatory environment becomes more difficult or coal becomes uneconomic or unavailable. Coal-fired power plants represent a main concern of ongoing environmentally related shareholder activism at the UUCEF. We have been and will continue to ask that power generation companies mitigate financial risks associated with climate change on behalf of all of their shareholders.