Tackling climate change can have a significant impact on your company’s value to the total of $7 trillion, according to a new report by the London-based Carbon Trust. The report, based on analysis by McKinsey & Co, found that companies’ futures will be highly dependent on how well prepared they are for the move to … Read More
It was inevitable that some sections of the Canadian press would defend tar sands, but the arguments they are using are fundamentally flawed. In an editorial entitled “’Dirty oil’ beats bloody oil” today, the Calgary Herald tries to hit back at recent moves (see blog here) that highlight the financial risks of oil sands. The … Read More
It must be depressing being a banker these days. As stock markets plunge, banks go to the wall and confidence crumbles you will be looking for a safe place to invest your money. Gold is looking a good bet these days, but what about oil and tar sands? Not long ago, investing in Canada’s tar … Read More
Every now and then you get a small, but significant shift in the battle against climate change and this could be one of those moments. One of the America’s largest builders of coal-fired power plants has been forced to now give investors detailed warnings about the risks that climate change poses to its business.