Tuesday, July 22, 2014

Big Oil and the value of their assets if we will not burn it any longer

The Economist is reporting on the answer big oil companies (e.g. Exxon, Shell) have given to questions from big institutional investors on "how climate change might affect their business and, in particular, whether any of their oil reserves might become 'stranded assets'—unusable if laws to curb emissions of carbon dioxide became really tight. Exxon Mobil and Shell are the most recent to get back with their assessment of the risk: zero."

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