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Climate Change: Australia set to be lumbered with costly stranded assets

2015-06-22 02:48:00| Climate Ark Climate Change & Global Warming Newsfeed

Sydney Morning Herald: Billions of dollars of investments in Australia's fossil fuel industries are at risk of becoming white elephants as global momentum builds to address climate change. As Fairfax Media today begins a series examining climate change policies and politics, experts have spoken out about the growing financial risk posed by investments in fossil fuels. They say it is now likely the nation will be lumbered with costly unviable assets, especially in coal, as major economies take action to limit global warming...

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