| Two developments in the last week are turning the heat up on oil companies: HSBC released an analysis finding oil majors at significant risk from "unburnable" reserves, and a pension fund has agreed to consider divestment from fossil-fuel companies in response to NGO pressure. This signals growing concern among conventional investors that climate change could be creating a "carbon bubble" in equity markets.
Concerns around carbon dioxide emissions are growing as climate science grows ever firmer on CO2's contribution to climate change. International research bodies – including the International Energy Agency, or IEA – model three possible scenarios for the future in terms of the number of degrees Celsius of average global warming by 2050............................................Full Article: Source
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