Australian Broadcasting Corporation: A new report is warning that too much investment in fossil fuel reserves risks bringing on a new global economic crisis.
The report says at least two-thirds of oil, gas and coal reserves owned by listed firms would become useless if world leaders succeed in cutting greenhouse gas emissions by the amount they've pledged.
Professor Nicholas Stern, who wrote a landmark climate change report for the British government back in 2006, is warning that it could be the making of a new financial crisis....