Workshop 4 - Investing in Fuel-free Energies
Noelle-Claire LeCann (Moderator)
President - AlphaSource Advisors - USA
About: After graduating from Rensselaer Polytechnic Institute in 1987, Noelle began her career at Salomon Brothers as a Systems Analyst. From there she moved to Cohen & Company where she managed long/short equities portfolios for seven years. She then joined Schonfeld Securities where she managed a long/short portfolio and led a team of 8 for a period of seven years. In 2002, she switched her focus to alternative investment strategies, raising institutional capital for a variety of asset managers. During that time, she was also the New York Regional Director of the Professional Risk Managers International Association, a non-profit association focused on setting best practices in risk management. In 2007, she founded AlphaSource Advisors, LLC, an investment advisory to institutional investors, and AlphaSource Capital Securities, a broker-dealer, both focused on socially and environmentally responsible investing. She has been responsible for the strategic and operational leadership since inception. In 2011, she became a board member and chair of the communications committee for New York NASP (National Association of Securities Professionals), a non-profit advocacy group for women and minority-owned businesses in finance.
Thomas van Dyck (Speaker)
Senior Vice President, Financial Advisor - RBC Wealth Management, SRI Wealth Management Group - USA
"Fossil Fuel Divestment & Reinvestment"
Summary: The growing fossil fuel divestment movement which began in universities has spread to cities, states, hospitals, faith communities, pension funds and is now expanding to individuals and the philanthropic community. To-date there are billions of dollars aligned with a commitment to divest from some of the worst carbon polluting companies. Drawing on decades of knowledge, a panel of content experts will discuss the financial risks of investing in fossil fuels and advocate for a new vision of investment that will advance climate solutions, and shift the prevailing carbon dependent economic paradigm, rather than drive the crisis. Join us for a one-of-a-kind critical discussion about the divestment movement and reinvestment opportunities.
About: Tom has been a leader in the field of socially-responsible investing for more than 30 years. As Senior Vice President – Financial Advisor of the SRI Wealth Management Group at RBC Wealth Management, Tom consults on $1.5 billion of ESG-screened assets. Tom is also the founder of As You Sow, a shareholder advocacy organization, which engages corporations on environmental, human/labor rights and corporate social responsibility initiatives. In 2013, Tom was named one of the Financial Times’ Top 400 Financial Advisors. Tom was also a featured speaker at the TedX Wall Street conference in 2012 and provided his expertise on SRI investing for long-term safety and returns. Van Dyck graduated from Duke University in 1980 with a B.A. in Political Science. He is a Certified Investment Management Analyst (CIMA®) and holds his Series 7 and Series 66 FINRA licenses.
Carter Bales (Speaker)
Chairman - NewWorld Capital Group - USA
"An Impact Perspective on Investing in Energy Renewables"
Summary: The Virtuous Quadrant of High Returns and High Societal Co-Benefits, Avoiding the Trade-Off and Achieving the Trade-Up.
About: Carter is Chairman & Managing Partner of NewWorld Capital Group, LLC, an private equity firm focused on investing in middle market businesses in energy efficiency, clean energy, water resources and reclamation, waste-to-value, and environmental services. Earlier, he co-founded and was Managing Partner at The Wicks Group of Companies, an information industry investment firm. Carter was a 20-year Director at McKinsey & Company, where he founded its environmental management practice, among others, and served on its Board of Directors. Earlier, he was Assistant Budget Director (Acting) for The City of New York, leading the development of its air pollution, solid waste management, and water supply programs, among others. Carter serves on the boards of a number of leading environmental organizations, including The Center for Market Innovation at NRDC, the Advisory Council to Resources for the Future, The Nature Conservancy, the Grand Canyon Trust, and the North Shore Land Alliance. Carter holds a BA in Economics from Princeton University, an MBA in General Management from Harvard Business School, and an Honorary Doctorate Degree from Skidmore College.
Stuart Braman (Speaker)
Founder and CEO - Fossil Free Indexes LLC - USA
"Fossil Free Investing for Index Investors"
Summary: Fossil Free Indexes (FFI) was formed in 2013 to address the need for fossil free investment options for index investors, "fossil free" defined in line with the divestment movement. FFI's recently released research - The Carbon Underground - will be discussed along with next steps for the research and the company.
About: Stuart was working as an Adjunct Associate Research Scientist at Columbia University’s Lamont-Doherty Earth Observatory on climate change adaptation, arsenic in drinking water and water conservation issues when he heard Bill McKibben speak in November 2012 about fossil fuel divestment. As index investors he and his wife went home to find some fossil free indexes to invest in. Six months later they were still looking and Fossil Free Indexes was born. Stuart’s financial services career spans 24+ years at Standard & Poor’s, DRI/McGraw-Hill and Mediant Communications. With assignments primarily in marketing, new product development, business development and strategic partnerships, Stuart retired from Standard & Poor’s as a Managing Director in the Risk Solutions Group. In his most recent financial services position with Mediant Communications he served as the Director of Investment Company Services. Stuart earned his bachelor's degree from the University of Chicago and his Ph.D. degree in Geography (now Earth and Environmental Sciences) from Columbia University.
Michael Eckhart (Speaker)
Managing Director, Global Head of Environmental Finance and Sustainability - Citigroup - USA
"Green Bonds and Other Capital Market transactions for Clean Energy"
Summary: Michael will discuss the new Green Bond Principles as well as other innovations such as Yieldcos, Securitizations and the use of REIT structures.
About: Michael T. Eckhart is a Managing Director and Global Head of Environmental Finance and Sustainability at Citigroup in New York City. In this role he supports Citi's goal to be the leading financial services firm in renewable energy, energy efficiency, clean water and related areas, serving clients with corporate banking, investment banking, equity and debt capital markets, global transaction services, trade finance and private banking. Mr. Eckhart serves on the governing bureau of the REN 21 global policy network in renewable energy, on the Renewable Industry Advisory Board of the IEA, and as an Observer to the International Renewable Energy Agency (IRENA). From 2001 to 2011, Mr. Eckhart was founding President of the American Council On Renewable Energy (ACORE), a Washington, D.C.-based nonprofit organization with more than 600 organizational members in wind, solar, hydro, ocean, geothermal, biomass, biofuels and waste sources of electricity, thermal energy, hydrogen and fuels. Previously, he developed financing for solar energy under the SolarBank Initiative in South Africa and India; was Chairman & CEO of the power generation development firm United Power Systems, Inc.; Vice President of the venture capital firm Areté Ventures, Inc.; a strategic planner of General Electric Company's power systems sector; and a Principal with the energy practice of Booz, Allen & Hamilton where he conducted many of the original national studies on new energy technologies in the 1970s including renewables, advanced coal, synfuels, advanced nuclear and others. Mr. Eckhart has received several awards in the area of social entrepreneurship. He served in the U.S. Navy Submarine Service. He received a degree in electrical engineering from Purdue University and an M.B.A. from Harvard Business School.