Image links to Andrew C. Revkin's article for the NYT from May3, 2013 |
Climate Change and the Carbon Bubble
I strongly encourage you to take a few minutes to sit down and read this article because it lays out the big picture very clearly. For instance, here is what he has to say about the carbon bubble:
If we can’t burn oil, it’s not worth very much. If we can’t defend coastal real estate from rising seas (or even insure it, for that matter), it’s not worth very much. If the industrial process a company owns exposes them to future climate litigation, it’s not worth very much. The value of those assets is going to plummet, inevitably… and likely, soon."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment