We have seen that divesting from oil companies is a moral question but it is also a sound economic advice as more and more financial analyst are saying, to the point of ” fossil fuels are the next subprime danger “ as I blogged last year.
Here is further proof it’s high time to divest to avoid the carbon bubble. The Daily Telegraph published this week a most interesting article on how fossil fuels – oil, coal and natural gas – are the next subprime danger of this cycle as “ The cumulative blitz on energy exploration and production over the past… Continue reading Fossil fuels are the next subprime danger
According to the New York Times and Reuters, more than a dozen large foundations representing more than $2 billion (around 1.48 billion euros) in assets will stop investing in fossil fuels, just as the World Bank and the United Nations advise. To Reuters : ” The Divest-Invest Philanthropy coalition includes foundations, such as the Park… Continue reading Divestment reaches large investors
If you are scared – or even simply concerned – by climate change, odds are that you might have weatherized your place, turned to efficient appliances and lightbulbs and perhaps even ditched your car. While these actions and many others are quite obvious, they might not have the biggest impacts. Kelly Rigg, the Executive Director… Continue reading Five very important actions to fight climate change
Fossil fuels are making less and less sense as renewable energies are becoming cheaper and cheaper and as climate change is becoming more and more serious. This is even more the case since we’ll have to leave most of it buried. The Guardian, the Financial Times and the Economist published compelling articles on a new… Continue reading Investors : beware of the carbon bubble