Building a world of
resilient communities.

MAIN LIST

 

Unburnable: Risky Fossil Fuel Investments & Climate Crisis


Two new reports say climate change could cause the next financial crisis. From London, Bob Ward, LSE lead author of "Unburnable: Carbon 2013: Wasted capital and stranded assets." From Australia's Climate Institute, John Connor on coal's risky future. Plus Nancy LaPlaca: why does sunny Arizona burn so much coal? Radio Ecoshock 130515 1 hour.



Could climate change bring us the next financial crisis? Yes indeed, say two new reports. We'll go London to get the low-down on the new report from the Grantham Institute of the London School of Economics. Find out why big institutions like Citi Group, HSBC, the World Bank and the IMF agree: fossil fuel companies have developed a huge bubble based on carbon reserves they can never burn.

Pay attention. Your pension funds and banks are heavily invested in the next financial crash. Everybody is.

From the Canadian Tar Sands to Australian coal pits, energy companies are loading up with yesterday's fuel - until the climate crunch, which is already arriving. John Connor of the Climate Institute says the coal industry is ripe for financial implosion.

I'll wrap up with a quick answer to another bothersome question: why is the super sunshine state of Arizona still burning so much coal? With Nancy LaPlaca.

Remember the few people who tried to warn the world about the mortgage bubble. This is that show for you.

Read more on Alex' blog here.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Make connections via our GROUPS page.
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.


Why Peak Oil Refuses to Die

Peak oil and climate change are two sides of the same coin. The coin itself …

Peak Oil Review - Sept 1

A weekly review including: Oil and the Global Economy, The Middle East & …

A Big Summer Story You Missed: Soaring Oil Debt

Last July the government agency, which has collected mundane statistics on …

Global Biofuels Status Update

Today I want to take a deep look at the global biofuels picture, drawing …

Peak oil notes - August 28

A mid-week update. Oil prices have been quiet this week trading around the …

Update on US natural gas, coal, nuclear, renewables

On August 6, I wrote a post called Making Sense of the US Oil Story, in …

The Peak Oil Crisis: When?

 The key question is just how many more months or years will production …