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'Unburnable' carbon fuels investment concerns

2013-11-07 08:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: For the last decade, the energy industry has been convinced that demand for oil, gas and coal will keep growing quickly for the next 20 years; oil prices will remain high, and China will continue to build two coal power stations a week. The profits for oil and mining companies will keep flooding in. The investment community has largely accepted this view and backed companies' investment of hundreds of billions of dollars a year in finding and developing new reserves. Of course, rampant growth...

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