The carbon bubble: why investors can no longer ignore climate risks

The financial risks posed by climate change and bad investments could make an ugly dent in your retirement savings, a new report warnsWhen Sandy Emerson sat down in her portfolio manager’s office two years ago and announced she wanted to divest from fossil fuels, the latter furrowed her brow and said: “Why would you want to do that?” Emerson, a 68-year-old Berkeley, California resident, explained her unease about owning shares in companies that contribute to climate change and