Unburnable Carbon 2013: Wasted capital and stranded assets

In order to keep global warming below 2oC, two-thirds of the world’s proved fossil energy reserves will have to remain unburned. Nevertheless, oil, gas and coal companies are continuing to invest in exploration and are underestimating the risk of large stranded investments. In this seminal study, Carbon Tracker describes the “carbon bubble” and what it means for shareholders in fossil energy companies.

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October 10th, 2016|Science and Analysis|