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Carcinogens emitted from Canada's main fossil fuel hub, study says

2013-10-25 19:34:00| Climate Ark Climate Change & Global Warming Newsfeed

LA Times: A new study has detected air pollutants, including carcinogens, in areas downwind of Canada's main fossil fuel hub in Alberta at levels rivaling those of major metropolises such as Beijing and Mexico City. The study by researchers from UC Irvine and the University of Michigan also found a high incidence of blood cancers such as leukemia and non-Hodgkin's lymphoma among men in the area, compared with the rest of Alberta and Canada. "When you get cancers that can be caused by the carcinogens...

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Major Pension Funds Question Long-Term Outlook for Fossil Fuel Profits

2013-10-25 19:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: Leaders from some of the largest pension funds in the U.S. and the world are concerned about the future profitability of fossil fuel companies, and they have asked those companies to report on their plans for managing a long-term shift toward renewable energy. Managers of 70 major pension funds, which together control about $3 trillion in investments, asked 45 of the world's largest coal, oil, gas, and electric power companies to complete the profitability studies by spring. The pension funds are...

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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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Wall Street Demands Answers From Fossil Fuel Producers on 'Unburnable' Carbon

2013-10-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

InsideClimate: A well-heeled coalition of investors is asking top fossil fuel companies to calculate the risks of plowing billions into new oil, gas and coal projects. They fear that carbon emission limits and slowing demand will turn them into bad investments that leave investors worse off. The requests, contained in letters sent to 45 companies [3] last month, are part of an initiative aimed at persuading oil producers and others to rein in their quest to stockpile more carbon energy. They hope to do so by tapping...

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United Kingdom: Rally outside Huddersfield bank over fossil fuel extraction funding fears

2013-10-21 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Daily Examiner: Climate change campaigners held a protest outside a Huddersfield bank over the amount of money it lends to firms which extract fossil fuels

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