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posted by catman in Local

Climate action ‘could halve energy firms’ worth’

February 3, 2013

Here's why were not getting any progress on curtailing global climat disruption: (It will cost the super rich dearly)

If the world succeeds in reaching its targets for curbing greenhouse gases, a leading bank says, this will mean huge quantities of oil and gas reserves must be left unused.

The International Energy Agency (IEA) said in its 2012 World Energy Outlook that in order to have a 50% chance of limiting the rise in global temperatures to 2°C, only a third of current fossil fuel reserves can be burned before 2050.

http://www.climatenewsnetwork.net/2013/02/climate-action-could-halve-ene...

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