Tuesday, December 2, 2014

The 'carbon bubble': Why fossil fuels could be a far riskier investment than you think

http://ift.tt/1yEjIls // Drillingrigs

There are increasing signs that the financial sector is picking up on the fact that, if we are going to have a decent shot at limiting manmade global warming to the level that world leaders have already agreed to, oil and gas companies are going to have to leave much of their proven oil and gas reserves in the ground, rather than exploiting them for profit


This, in turn, could mean that fossil fuel companies are a far riskier investment option for individuals and institutions than most people realize, effectively creating a "carbon bubble" that could destabilize the world economy.



More about Climate Change, Economy, Carbon, Global Warming, and Exxon



from MashableAndrew Freedman
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