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Climate change could put $6 trillion in fossil fuel reserves at risk
2013-10-26 15:48:00| Climate Ark Climate Change & Global Warming Newsfeed
Quartz: The International Energy Agency last year warned that if humanity is to have any hope of avoiding catastrophic climate change, a third of the worlds fossil fuel reserves must be put off limits until 2050. That prompted HSBC Global Research to estimate that some oil giants could lose up to half their market value. In other words, were talking about trillions of dollars in revenues going up in smoke if governments ever get their act together and issue a no-burn order. Now 70 investors that control...
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Category:Electronics and Electrical