There’s no need for expensive oil exploration, a new report says.
You don't need to look much further than the years of delays on the Keystone XL pipeline to see that governments are starting to second-guess these big cash layouts on climate risky projects.
Last week's news seemed to show the market moving towards an acceptance of climate change's negative impact on corporate earnings -- and a rejection of fossil fuel investments on purely financial terms.
ExxonMobil, in negotiations with shareholder activists that led to withdrawal of their shareholder proposals, agreed to report to shareholders on climate change. I hope scientists the world around will deconstruct the edifice ExxonMobil has erected.
The pipeline would be responsible for generating a whole lot more emissions than the State Department accounted for, the
How many investors got the timing right on the implosion of mortgage-backed security assets in 2008? Nearly none, and that systemic failure of vision contributed mightily to a global financial collapse.
It is clear that there are far cheaper fuels -- efficiency, solar and wind to replace coal and natural gas in the U.S., and biofuels or electricity elsewhere to reduce oil intensity. So how much $100 fossil fuel can the world afford, climate aside?
This is real and could affect markets more than a fake tweet. Oh, and the fate of the planet is at stake too. A new report shows that publicly listed fossil fuel companies hold more reserves than can be safely burned this century, and investors have not included this in market valuations of those companies.
To deliver on their lofty goal the SSE forces companies to prove their commitment by completing a Social Prospectus (SP) that discloses principles of social value creation. That may not sound groundbreaking but can you imagine a coal or oil company attempting to do that?
While Exxon, Shell and the rest of the industry continue to pour billions into gas and oil exploration, it is becoming clear that the planet cannot sustain the use of the assets already on the books, which would mean that the value of some fossil fuel companies is greatly overstated.