Top energy watchdog says two thirds of all assets booked by coal, oil and gas companies may be worthless under the 'two degree' climate dealAnd they are still not discussing this rationally by taking externalities (euphemism for socialized costs) into account with respect to the true price of energy. The socialized cost that is not accounted for is paid by society in terms of reduced quality of life, such as environmental degradation and ill health because of pollution.
The Telegraph
G20 to probe 'carbon bubble' risk to global financial system
Ambrose Evans-Pritchard
1 comment:
Until we stop making plastic and lots of other things oil will still be valuable.
It is burning the stuff that is stupid.
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