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
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