It’s time the extractive industries came to terms with stranded assets

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New research from Carbon Tracker on stranded assets - those resources that cannot be used by extractive industries companies if the planet is to survive - is fascinating.:

 

This is the summary of findings:

Why any rational investor or bank, let alone government, thinks that providing more resources to develop the fossil fuel sector in the light of consistent research findings utterly defeats me. But that still requires that we must ask these companies to account for how they are going to manage this risk. That is what sustainable cost accounting is all about.