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Tag : Stranded Assets

30 Mar 2016

Are Australian taxpayers to fund Adani’s zombie coal project?

With over dozen financial institutions essentially ruling out funding Indian coal conglomerate Adani’s Carmichael mine in Queensland, Australian taxpayers are now being asked to open their wallets for the project.

09 Feb 2016

Japan green lights new, soon to be stranded, coal assets

Japan has missed the memo about the dire economic and climate risks of fossil fuels, with its Ministry of the Environment taking a u-turn and preparing to ease its opposition to new coal power plants.

07 Jul 2015

Report: Gas investments, like coal, could become stranded assets

A new report from the Carbon Tracker Initiative (CTI) finds US $283 billion in Liquefied Natural Gas (LNG) projects are likely to be surplus to requirements in a carbon-constrained world.

08 Jan 2015

Most fossil fuels ‘unburnable’ under 2C climate target

For the first time a study has pinpointed exactly which fossil fuel reserves need to be kept in the ground to contain global warming to the safe limit of 2C.

13 Oct 2014

Bank of England governor warns of 'unburnable' fossil fuels

Reiterating his warning that the vast majority of oil reserves should be considered “unburnable”, Bank of England governor Mark Carney has called for climate change risk to be mainstreamed.

15 Aug 2014

World's largest oil companies gamble investor cash on risky, high carbon projects

The world’s seven largest oil companies could gamble away billions of dollars of investor’s money over the next decade on expensive, risky and high-carbon oil projects, according to the latest research from UK-based think-tank the Carbon Tracker Initiative.

10 Jul 2014

Shell accused of misrepresenting climate risk to investors

Shell is back in the firing line for misrepresenting climate risk to its investors as the Carbon Tracker Initiative hits back over the oil major’s claim that the carbon bubble concept is alarmist.

05 Jun 2014

Report: Billions in coal investments at risk as China’s appetite for coal wanes

International coal exporters have again been warned that betting on China’s “insatiable demand” could leave them with stranded assets and wasted capital

22 May 2014

Shell ‘rattled’ as it labels carbon bubble concept flawed

Shell has shown signs of being “rattled” by the carbon bubble concept, as it branded the argument that fossil fuels assets could become stranded with strong climate action as “alarmist” in a letter to its shareholders.

29 Apr 2014

Fossil fuel free investment goes mainstream with FTSE index

Today the global campaign against fossil fuels entered the financial mainstream as the world’s largest fund manager BlackRock teamed up with London’s FTSE Group to help investors avoid risky coal, oil and gas companies.