For the world to meet its climate goals, a third of the world's oil, half its gas and 80% of its coal must stay underground, writes Alex Kirby. And it's not us saying it - but scientists writing in the journal Nature.
Leave most fossil fuels in the ground, or fry Alex Kirby | 8th January 2015 News Fossil Fuels Oil Gas Coal Climate Change Finance deepwater-horizon-fire-cut.jpg For the world to meet its climate …
A new report warns that coal, oil and gas assets will be stranded if the world is to limit temperature rise to 2C. Losses are projected to reach $2.2 trillion over the next decade, with coal taking the biggest hit, while oil demand peaks in 2020. Yet fossil energy companies are ignoring the very innovations that will put them out of business.
Investors face $2.2 trillion loss on 'risky' fossil fuel assets Alex Kirby | 25th November 2015 News Climate Change Fossil Fuels Energy Finance COP21 Carbon Tracker danger-zone-cut.png A new report …