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Fossil fuel funding 'grossly inconsisent' with warming limits
2013-04-20 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Age: Hundreds of billions of dollars in fossil fuel investments would be stranded, triggering a potential economic crisis, if companies continue to invest in fossil fuels while governments introduce stronger policies to limit global warming, a new report says. The joint study from UK-based Carbon Tracker Initiative and the Grantham Institute finds that $674 billion was spent on exploring and developing new fossil fuel reserves around the world in 2012. But the groups found the greenhouse gas emissions...
Tags: limits
funding
fuel
warming
Students Take Back Earth Day, Demand Divestment from Fossil Fuels
2013-04-19 20:33:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: This Earth Day, on campuses across the country students are demanding their campuses take bold action on climate by divesting from fossil fuels and moving to clean energy. Students and universities are leading the fight against climate change. Thanks to years of student organizing, more than 700 campuses have committed to carbon neutrality or have made some kind of commitment around climate change. Yet--campuses continue to support dirty energy that is fueling the climate crisis, and making...
Firms 'own unburnable fossil fuels'
2013-04-19 06:00:26| BBC News | Business | UK Edition
Some 60% to 80% of fossil fuel reserves owned by listed firms could be classed unburnable if politicians stick to CO2 emission limits, a report warns.
Firms 'own unburnable fossil fuels'
2013-04-19 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
BBC: Some 60% to 80% of fossil fuel reserves owned by listed firms could be classed as unburnable if politicians stick to CO2 emission limits, a report warns. The research by the London School of Economics and NGO Carbon Tracker says firms spend billions of pounds of shareholders' money on exploration. It says 200 listed firms spent 440bn in 2012 chasing more coal, oil and gas. It says if this continues for a decade - and if CO2 limits are achieved - they would waste over 4tn. The research...
Fossil fuels and vested interests: a society in denial
2013-04-18 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The report released by Lord Stern and thinktank Carbon Tracker paints a picture of society in denial. It shows we're pumping almost $700bn (458bn) of hard-earned savings and pensions annually into finding new reserves of fossil fuels, even though it's clear that almost all of those reserves will have to be written off to provide a decent chance of keeping the planet safe. The ever-inflating "carbon bubble" is only part of the bigger picture, because most of the world's fuel around three-quarters...
Tags: in
society
interests
denial
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