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Al Gore: world on brink of 'carbon bubble'

2013-11-01 02:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The world is on the brink of the "largest bubble ever" in finance, because of the undisclosed value of high-carbon assets on companies' balance sheets, and investment managers who fail to take account of the risks are failing in their fiduciary duty to shareholders and investors, Al Gore and his investment partner, David Blood, have said. "Stranded carbon assets" such as coal mines, fossil fuel power stations and petrol-fuelled vehicle plants represent at least $7tn on the books of publicly listed...

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