14 Feb '15, 1am

Bigger reserves, bigger companies, bigger need to divest! #climate #change

In participation with Global Divestment Day, Fossil Free Indexes LLC just released an updated Carbon Underground list for the divestment movement to take forward. It’s now posted on gofossilfree.org/top-200/ This is a list of the top 100 coal companies and the top 100 oil and gas companies by size of reserves converted to CO2 equivalent. These are the companies holding the bulk of the carbon risk to the planet and the portfolios. With a new list comes new numbers, and the Carbon Bubble equation continues to shift. The arguably high ceiling, 2°C (3.6° F) of global warming, remains; but the carbon budget (80% probability of staying under 2 degrees) is shrinking as we burn somewhere around 35 to 40 GtCO2 (billion tons of CO2) per year; and the reserves keep growing. But before we dig into the numbers, it’s important to note that the heart of the divestment movement remains th...

Full article: http://350.org/bigger-reserves-bigger-companies-bigger-ne...

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