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Canada: Oil Sands Prevail Even if Most Carbon Becomes 'Unburnable': Suncor

2013-10-30 11:57:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The phrase unburnable carbon has gained currency among climate-minded investors, popularized by a U.K.-based nonprofit called the Carbon Tracker Initiative. It refers to the vast fossil-fuel reserves that, if burned, would probably push the global climate into the danger zone. Some investors are concerned that stock-market valuations would plummet if oil companies continue to spend hundreds of billions of dollars on exploration while the world lunges away from oil. Last week, a coalition of...

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