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Fossil fuel funding 'grossly inconsisent' with warming limits
2013-04-20 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Age: Hundreds of billions of dollars in fossil fuel investments would be stranded, triggering a potential economic crisis, if companies continue to invest in fossil fuels while governments introduce stronger policies to limit global warming, a new report says. The joint study from UK-based Carbon Tracker Initiative and the Grantham Institute finds that $674 billion was spent on exploring and developing new fossil fuel reserves around the world in 2012. But the groups found the greenhouse gas emissions...
Tags: limits
funding
fuel
warming
Category:Electronics and Electrical