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Investors demand fossil fuel giants assess climate risks
2013-10-25 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: A group of 70 investors controlling more than $3trn in assets yesterday opened a new front in the battle to get fossil fuel companies to fully assess the climate risks they face, revealing that they have written to 45 fossil fuel and energy companies requesting detailed information on the "financial risks that climate change poses to their business plans". Dubbed the Carbon Asset Risk (CAR) initiative and orchestrated by the Ceres group of responsible investors and the Carbon Tracker Initiative,...
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Category:Electronics and Electrical
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