Age: Hundreds of billions of dollars in fossil fuel investments would be stranded, triggering a potential economic crisis, if companies continue to invest in fossil fuels while governments introduce stronger policies to limit global warming, a new report says.
The joint study from UK-based Carbon Tracker Initiative and the Grantham Institute finds that $674 billion was spent on exploring and developing new fossil fuel reserves around the world in 2012.
But the groups found the greenhouse gas emissions...