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IEA: Ignoring Climate Change Could Be Costly Fossil Fuel Firms

2015-07-10 15:11:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The worlds fossil fuel companies risk wasting billions of dollars of investment by not taking global action to fight climate change seriously, according to the chief economist of the International Energy Agency (IEA). Fatih Birol, who will take the top job at the IEA in September and is one of the worlds most influential voices on energy, warned that companies making this mistake would also miss out on investment opportunities in clean energy. Coal giant Peabody recently dismissed global...

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