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From Bangladesh flood map to Bank of England, 'carbon bubble' is born
2015-12-07 01:12:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Poring over a Bangladeshi flood map as a London financial analyst 12 years ago, Mark Campanale had no idea the moment would spawn a financial concept powerful enough to rivet central bankers, anger oil moguls and fuel a grassroots movement to get investors to dump their fossil fuel holdings. The map was in the prospectus of a British firm seeking to raise money to build a coal-fired power plant in Bangladesh. Not only was Campanale angry that a company would pump more carbon emissions into the...
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Category:Electronics and Electrical