{"id":3279,"date":"2023-05-22T15:23:27","date_gmt":"2023-05-22T13:23:27","guid":{"rendered":"https:\/\/www.co2news.sk\/?p=3279"},"modified":"2023-05-22T15:23:27","modified_gmt":"2023-05-22T13:23:27","slug":"study-finds-that-stock-prices-of-big-polluters-fall-after-climate-lawsuits","status":"publish","type":"post","link":"https:\/\/www.co2news.sk\/en\/2023\/05\/22\/study-finds-that-stock-prices-of-big-polluters-fall-after-climate-lawsuits\/","title":{"rendered":"Study finds that stock prices of big polluters fall after climate lawsuits"},"content":{"rendered":"<p class=\"dcr-n6w1lc\"><span>Climate lawsuits pose a financial risk to fossil fuel companies because they lower the share price of big polluters, research has found.\u00a0<\/span><span>The study, to be published on Tuesday by the LSE&#039;s Grantham Research Institute, examines how the stock market reacts to news that a new climate lawsuit has been filed or a corporation has lost its case.\u00a0<\/span>The researchers hope that their work will encourage lenders, financial regulators and governments to consider the impact of climate disputes when making investment decisions in a warmer future, and ultimately encourage greener corporate behavior.\u00a0<span>The study, which is currently under peer review, analyzed 108 climate-related lawsuits filed around the world between 2005 and 2021 against 98 companies listed in the US and Europe. It found that filing a new case or a court ruling against a company reduced its expected value by an average of 0.41 %.\u00a0<\/span><span>The stock market reacted most strongly in the days following the filing of lawsuits against big carbon companies, which include the world&#039;s largest energy, services and materials companies.<\/span><span>, with the relative value of these companies reduced by an average of 0.57 % after the case was filed and 1.5 % after the lawsuit was filed, an unfavorable verdict. <\/span><span>Although modest, the researchers concluded that the decline in the value of large polluters is statistically significant and therefore related to legal issues. <em>(Isabella Kaminski, The Guardian)<\/em><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Climate lawsuits pose a financial risk to fossil fuel companies because they lower the share prices of big polluters, research has found. The study, to be published on Tuesday by LSE&#039;s Grantham Research Institute, examines how the stock market reacts to news that a new climate lawsuit has been filed or that a corporation has lost its case. The researchers hope their work will encourage lenders, financial regulators and [\u2026]<\/p>","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3279","post","type-post","status-publish","format-standard","hentry","category-klimaticka-zmena"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/3279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/comments?post=3279"}],"version-history":[{"count":0,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/3279\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/media?parent=3279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/categories?post=3279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/tags?post=3279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}