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. 

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: 

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