Friday, April 19, 2013

Wasted Capital and Stranded Assets

Today the Guardian put a story on its front page about the biggest gamble in human history. 

Governments, corporations and pension funds have $6 trillion worth of unburnable carbon assets on the books -- that means that either their investments pay off and the planet tanks, or we avert climate catastrophe and those investments are worthless.  -350.org 

Needless to say, if Obama allows KeystoneXL, then he is directly complicit in this economic idiocy/global suicide.

A summary and link to the full report is here:  http://www.carbontracker.org/wastedcapital 

No comments: