08 Feb '13, 5pm

Attention investors: Climate policy could knock off half the value of fossil fuel companies

A recent (subscriber-only) report from HSBC Global Research helps shed some light on what’s at stake in the fight over climate policy. Short answer: a hell of a lot, especially if you’re invested in fossil fuels. The International Energy Agency says that, to have a 50 percent chance of limiting global average temperature rise to 2 degrees Celsius, we can only afford to burn about a third of known fossil-fuel reserves between now and 2050. That means leaving around $20 trillion worth of assets in the ground. That is global warming’s “terrifying new math .” The analysts at HSBC tried to figure out what would happen to the value of European oil and gas companies if governments put in place policies to achieve this goal. Not surprisingly, the effects would be dire. First HSBC assumes that, with policies to hit 2 degrees in place, any projects at a cost of more than $50/barrel ...

Full article: http://grist.org/business-technology/attention-investors-...

Tweets

Fossil Fuel Subsidies Are Public Enemy Number One, Says IEA

Fossil Fuel Subsidies Are Public Enemy Number O...

cleantechnica.com 08 Feb '13, 11am

International Energy Agency Chief Economist Fatih Birol made no bones about his opinion on fossil fuel subsidies at the Eu...

Fossil fuels are public enemy number one: via @GreenCarWebsite

Fossil fuels are public enemy number one: via @...

thegreencarwebsite.co.uk 08 Feb '13, 11am

Fossil fuel subsidies amount to little more than an incentive to pollute and as such are “public enemy number one to susta...

Australian wind farms undercut fossil fuel powe...

businessgreen.com 08 Feb '13, 6am

New research from Bloomberg New Energy Finance (BNEF) has this week provided further evidence that renewable energy can in...

Australian wind farms undercut fossil fuel powe...

businessgreen.com 08 Feb '13, 4am

New research from Bloomberg New Energy Finance (BNEF) has this week provided further evidence that renewable energy can in...

Wind Energy Now Cheaper Than Fossil Fuel Power ...

e360.yale.edu 07 Feb '13, 4pm

07 Feb 2013: Wind Energy Now Cheaper Than Fossil Fuel Power Plants in Australia Unsubsidized wind power is now cheaper tha...

@JrgnHoogendoorn lees deze > via @drk75

postcarbon.org 10 Feb '13, 3pm

Natural gas has increasingly been touted as a "bridge fuel" from high-carbon sources of energy like coal and oil to a rene...

Have a nutrition or fuel question? Our new column, Fuel School, will answer them.

Have a nutrition or fuel question? Our new colu...

runnersworld.com 12 Feb '13, 4pm

Ever have one of those runs in which you hit the wall at mile five and wondered what went wrong? Was it something you ate?...

VALUE BUY - New Cluster Houses in Ang Mo Kio

forums.condosingapore.com 07 Feb '13, 8am

From $8xxPSF!!! 10 Compelling Reasons to buy upcoming Ang Mo Kio Cluster House Freehold Development in Central Location Va...

From the EWEA blog at #EWEA2013 - Fossil fuel s...

ewea.org 04 Feb '13, 1pm

Fatih Birol at the EWEA 2013 Opening Session Fossil fuel subsidies – which amounted to half a trillion US Dollars worldwid...

Unable to stop climate change, EPA prepares for it

grist.org 08 Feb '13, 8pm

“We live in a world in which the climate is changing.” This statement from the EPA, the first line in its draft “Climate C...

Sitting half awake in bed staring at... a large photo of @joycethefairy 's TOES. Hmm.

Sitting half awake in bed staring at... a large...

kinkybluefairy.net 08 Feb '13, 10am

My hairstylist Alex advised me weeks ago to book my appointment at The Met cos the pre-CNY rush is always mad. I love how ...

How do we know we are Value Investors?

thefinance.sg 03 Feb '13, 4pm

How do we know we are Value Investors? One , by reading lots of books on value investing with the word “Warren Buffet” pri...

Seattle and San Francisco consider divesting from fossil fuels

Seattle and San Francisco consider divesting fr...

grist.org 06 Feb '13, 1am

The divestment campaign that 350.org began in late 2012 has grown up so quickly! It seemed like just yesterday that Bill M...

Marco Rubio keeps digging deeper on climate denial

Marco Rubio keeps digging deeper on climate denial

grist.org 07 Feb '13, 4pm

Let’s talk about Sen. Marco Rubio (R-Fla.), Capitol Hill’s “it” guy in the same sense that Hollywood has marginally talent...