At the end of the day the $10-billion wildfire that consumed 2400 homes and buildings in Fort McMurray may be the least of the region's problems.
Articles: stranded assets (14)
In my book, given the stakes, no novel can rival this epic real-life drama.
More than a decade later economists and financial analysts are again identifying powerful signals of economic distress, this time in the energy, mining, power-producing, and farm industries.
We Could Be Witnessing the Death of the Fossil Fuel Industry—Will It Take the Rest of the Economy Down With It?
It’s not looking good for the global fossil fuel industry. Although the world remains heavily dependent on oil, coal and natural gas—which today supply around 80 percent of our primary energy needs—the industry is rapidly crumbling.
Sixty-five percent of the world's coal production is unprofitable at today's prices, a new research report by Wood Mackenzie, a commercial intelligence company often cited by investment analysts and the coal industry itself, concluded.
Bankruptcies, project shutdowns, regulation, and emission limits curb enthusiasm for fossil fuels.
Are we expecting COP21 to be that moment of fireworks and dancing elephants, a 'Great Change Moment', when people dance in the street and subsequently put plaques up to immortalise the moment for their grandchildren? If we are, we're missing the point.
Economists, an irrational tribe of short-sighted mathematicians, are now calling Canada's declining economic fortunes "a perfect storm."
Though climate change will no doubt prove to be one aspect of stranded assets, others will include a simple but powerful realization that there are simply better places to put your investment dollars…or euros…or yuan.
In a move that’s likely to cause consternation in some of the world’s most powerful corporate boardrooms, the Bank of England has disclosed that it is launching an inquiry into the risks fossil fuel companies pose to overall financial stability.