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This gamble on carbon and the climate could trigger a new financial crisis
2013-08-02 18:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: If you want to see market irrationality in action, look no further than current stock market valuations for the world's major oil, gas and coal companies. At a time when governments are supposedly preparing for a global climate change deal that will cut carbon emissions, energy multinationals are investing in carbon assets like there's no tomorrow. Put bluntly, either we're heading for a climate catastrophe, or the carbon asset bubble will go the way of sub-prime mortgage stock. Yesterday's...
Tags: new
financial
crisis
carbon
Category:Electronics and Electrical