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Fossil Fuel Investments Face Major Risks Due to Climate
2013-12-22 14:30:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate News Network: The Asset Owners Disclosure Project (AODP) asked the world's thousand largest asset owners what they were doing to guard against the possibility that their investments in fossil fuels could, in future, become worthless. Together, the owners manage more than $70 trillion of funds. The Project found that only 27 of the 460 investment funds replying to its request are currently addressing climate risk at what it considers a responsible level. An investment in coal might prove worthless in the...
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Category:Electronics and Electrical