20-08-2017 09:01 via economist.com

How to deal with worries about stranded assets

Mark Carney, the governor of the Bank of England, addressed the insurance industry on climate change [in 2015]. He dropped a bombshell on the oil industry. His message was twofold. First, if the world seriously intended to limit global warming to 2?C, most of the coal, oil and gas reserves in the ground would be left ?stranded?, or unrecoverable. Second, a task force would be set up to prompt companies to disclose how they planned to manage risks and prepare for a 2?C world, similar to the one c
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