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  • Monday, August 25, 2014


    Why Climate Change Could Be the Biggest Threat to Your Portfolio

    Arjun Sreekumar, August 22, 2014

    "…[C]limate change may be the biggest threat of all…[to] oil and gas companies' asset values and share prices…[W]e must limit emissions to no more than 900 gigatonnes of carbon dioxide (GtCO2) over the period 2013-2049 if we are to keep, at 80% probability, the global temperature from rising 2 degrees Celsius above pre-industrial levels…Meeting that emissions target means that the vast majority of the global fossil fuel reserves owned by energy companies and foreign governments cannot be burned...[Burning these reserves] would raise the global temperature by well over 3 degrees Celsius…[Even with allowances, companies like ExxonMobil, Chevron, Shell, and BP] could harvest no more than a third of their existing reserves…[A]out two-thirds of their reserves could be, at worst, worthless…[But the more likely case is that] we fail to act and end up exceeding the stated target…For investors, this means that your fossil fuel stocks are likely safe for the foreseeable future. But in the improbable event that global leaders somehow scrape together and enforce a carbon reduction plan, fossil fuel stocks could be in trouble. Caveat emptor…” click here for more


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