HSBC’s concerns, will pale in significance,
. . . if the Financial Stability Board concludes that,
. . . under the G20 forum ‘2 degree’ climate deal,
. . . $6 trillion worth of new investments into the fossil fuel industry,
. . . . . . Coal,
. . . . . . Oil, and
. . . . . . Gas companies,
. . . may end up as worthless.
The investigation into the possible stranded assets is being pushed by France,
. . . who energy comes mostly from nuclear.
04-30-2015 Source: $6 Trillion lost?
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1
$6 Trillion lost?
Started by eds, Apr 30 2015 08:05 AM
1 reply to this topic
#1
Posted 30 April 2015 - 08:05 AM
#2
Posted 01 May 2015 - 01:55 PM
Of course. Stranded assets are the biggest reason why so many of the fossil fuel companies are against any kind of agreement to slow down CO2 emissions. Much of the market value of many of the fossil fuel company stocks are based on the future value of in-the-ground reserves. If those in-the-ground fossil fuels can't be burned, they're worthless. If we're lucky, coal reserves will be worthless soon. Oil and gas will hold on longer, but again, if we're lucky, eventually become worthless too.
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