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(visit the link for the full news article)
There is little evidence that institutional investors have recognised that they are sitting on a carbon-asset timebomb.
At a time when governments are supposedly preparing for a global climate change deal that will cut carbon emissions, energy multinationals are investing in carbon assets like there's no tomorrow.
Put bluntly, either we're heading for a climate catastrophe, or the carbon asset bubble will go the way of sub-prime mortgage stock.
Originally posted by Cinrad
Another GFC caused by an exploding bubble? This might just be the one to tip us over the edge. The bull# (sub-prime)mortgage bubble nearly did the world financial industry in, but the governments committed to unsustainable and historic levels of debt to keep the system going just a few more years. It seems that we have been riding a on the surface of a carbon based energy bubble for a while now, when this bursts (thanks to behind the scenes manipulating for carbon taxes and restrictions) then there really is nothing to save it.
www.theguardian.com
(visit the link for the full news article)
Originally posted by Adonsa
Greetings,
Al, the buffoon, Gore, his handlers, and every Democrat alive, blame US Citizens for causing man-made global warming. If man-made global warming exists, or is going to exist, why not look to the real causes, Brazil and Communist China?. China has admitted their emissions, Brazilians are systemically destroying the Amazon jungle.
Why not suggest to Al Gore to go to Brazil and admonish their government to stop the destruction of the Amazon jungle? He won the Noble Peace prize, Brazilians have no choice but to listen and obey.
But Amazon Jungle destruction isn't perceived, it's a reality today. Brazilian timber industry transformation of the Amazon Jungle into a desert, will absolutely degrade global air quality, and Al Gore couldn't care less. Al Gore needs to brow-beat the Brazilian government to halt this destruction.
Originally posted by TrueBrit
Either, there are technologies which will allow vastly industrial nations to produce power without producing carbon, cheaply enough to be at all viable, or there are not.
Originally posted by Philippines
Maybe the large carbon footprint Americans have when compared to the 3rd world?
Me personally, I believe that consumerism is the problem. If people stopped buying manufactured "stuff", would the emissions stop?
The US corporations have moved overseas to China as well. If they were polluting in the USA would that be better?