Big Investors Ask: Are Fossil Fuels a “Carbon Bubble” in Climate Change World?

Big Investors Ask: Are Fossil Fuels a “Carbon Bubble” in Climate Change World? Where you can’t burn the fuel you’re spending mucho bucks to find, if catastrophic climate change is to be avoided?  It’s a question many investors, including Wall Street ones, are starting to ask, reports Katie Valentine at Climate Progress. Leaders of 70 funds are asking 45 of the world’s largest oil, gas, coal and electric companies to conduct detailed studies of how policies to curb climate change will impact the fossil fuel business. The key term here is “stranded assets” – that is, when the value of a product loses its value before it can be used. Meanwhile, Al Gore is already urging investors to divest before their “carbon bubble” bursts. It’s about time, folks… what place does fossil fuels have in a world being increasingly harmed by them? A much smaller one…

 

Join the swelling numbers of voters TELLING Congress they’ll vote for Clean Energy candidates here: http://signon.org/sign/we-are-the-clean-99?source=c.em.cp&r_by=487176 . This is an ongoing campaign (the next Congressional election is in 2 years!) so please, spread the word. It’s our way of telling Congress that a strong clean energy voting bloc is out there. This is how YOU can make a difference.

 

For more on Climate Change, check out my weekly column at the HuffingtonPost, Climate Change This Week : http://www.huffingtonpost.com/author/index.php?author=mary-ellen-harte

 

Find this interesting?  Please re-post it!

 

Source

 

http://thinkprogress.org/climate/2013/10/25/2835941/pension-funds-fossil-fuel-investments/

http://insideclimatenews.org/news/20131024/wall-street-demands-answers-fossil-fuel-producers-unburnable-carbon

http://thinkprogress.org/climate/2013/10/21/2808161/gore-divest-carbon-bubble/

http://www.climatecentral.org/news/investors-will-oil-coal-companies-will-thrive-in-warming-world-16653

 

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About melharte

Mel (Mary Ellen) Harte is a biologist (PhD) and climate change educator. She co-authored the free online book, COOL THE EARTH, SAVE THE ECONOMY, available at www.CoolTheEarth.US, and writes the CLIMATE CHANGE THIS WEEK column at the HuffingtonPost. Living summers in the alpine Rockies, she is on the frontlines of watching what climate change can do. Her diagnostic digital photographs of wildflowers have appeared in numerous publications.
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