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Bloomberg LP Launches First Tool That Measures Risk of 'Unburnable Carbon' Assets

2013-12-03 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Inside Climate: In a move that underscores Wall Street's growing unease over the business-as-usual strategy of the world's fossil fuel companies, Bloomberg L.P. [3] unveiled a tool last week that helps investors quantify for the first time how climate policies and related risks might batter the earnings and stock prices of individual oil, coal and natural gas companies. The company's new Carbon Risk Valuation Tool [4] is available to more than 300,000 high-end traders, analysts and others who regularly pore over...

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