Carbon Capital booklet references

1. Friends of the Earth, Fossil Fuel Tax Breaks in the UK (London: Friends of the Earth, 2012), http://www.foe.co.uk/resource/briefings/tax_breaks.pdf

 

2. ‘FTSE UK Index Series’, 2013, http://www.ftse.co.uk/Indices/UK_Indices/index.jsp

3. London Stock Exchange, ‘Companies and Issuers’, 31 December 2012, http://www.londonstockexchange.com/statistics/companies-and-issuers/companies-and-issuers.htm Own calculations.

4. James Leaton, Unburnable Carbon – Are the World’s Financial Markets Carrying a Carbon Bubble ? (London: Carbon Tracker Initiative, 2011), http://www.carbontracker.org/wp-content/uploads/downloads/2012/08/Unburnable-Carbon-Full1.pdf Own calculations made on UK proportion.

5. Department of Energy and Climate Change, ‘2011. UK Greenhouse Gas Emissions. Final Figures. (London: DECC, 2013), https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/73148/050213_Ghg_National_Statistics_release__2011_final_results_.pdf Own calculations.

6. Profundo, UK Involvement in Controversial Energy Projects in the South (London: WDM, 2013)

7. Claire Provost, ‘Tax Havens and the FTSE 100: The Full List’, The Guardian, 2011, http://www.guardian.co.uk/news/datablog/2011/oct/11/ftse100-subsidiaries-tax-data

8. SSE, Annual Report 2012 (Perth: SSE, 2012), p. 22, http://www.sse.com/uploadedFiles/Controls/Lists/Reports_and_Results/SSE_AnnualReport2012.pdf

9. TheCityUK, Fund Management (London: TheCityUK, 2012).

10. The "random walk" hypothesis was most fully articulated by Malkiel, Burton, A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (New York: Norton, 2007)

11. Morningstar, ‘Major Shareholders’ (Accessed 4 January 2013), http://lt.hemscott.com/ Own calculations.

12. BlackRock, ‘Charinco, Charishare and Charishare Restricted Common Investment Funds. Interim Report. 1 December 2011 to 31 May 2012 ’ (London: BlackRock, 2012)

13. McKinsey Global Institute, The New Power Brokers: How Oil, Asia, Hedge Funds, and Private Equity Are Shaping Global Capital Markets (New York: McKinsey & Company, 2007), p. 110, http://www.mckinsey.com/insights/mgi/research/financial_markets/how_the_new_power_brokers_are_shaping_global_capital_markets

14. Heffa Schücking et al., Bankrolling Climate Change (urgewald, groundWork, Earthlife Africa and BankTrack, 2011), http://www.banktrack.org/download/bankrolling_climate_change/climatekillerbanks_final_0.pdf

15. Schücking et al., Bankrolling Climate Change.

16. Mel Evans et al., Cashing in on Tar Sands: RBS, UK Banks and Canada’s ‘blood Oil’ (BankTrack, Canadian Indigenous Tar Sands Campaign, Friends of the Earth Europe, Friends of the Earth Scotland, New Internationalist, People & Planet, Piplinks, Platform, Rainforest Action Network and World Development Movement, 2010), http://www.wdm.org.uk/cashing-tar-sands-rbs-uk-banks-and-canada%E2%80%99s-%E2%80%9Cblood-oil%E2%80%9D

17. Total, ‘Fourth quarter and full-year 2012 results ’, 13 February (Paris: Total SA, 2013), http://www.total.com/MEDIAS/MEDIAS_INFOS/6176/EN/Total-2012-en-results-outlook-130213-pr-V4.pdf

18. TheCityUK, Banking. May 2012 (London: TheCityUK, 2012).

19. IntercontinentalExchange, ‘ICE Reports Record Futures Volume in 2012 on 10% ADV Growth’, 3 January, http://ir.theice.com/releasedetail.cfm?ReleaseID=731304 Own calculations based on ‘average daily volume’ of 620,373 contracts x 1000 barrels per contract x £71.29 (US$112 per barrel) average Brent Crude price 2012 x 252 trading days.