A Stranded Society: Fossil Fuel Infrastructure in a Post-Carbon World
We need to decarbonize not just to save the world, but to save our ability to live within it.
stranded assets
Stranded Assets
Now, the warnings about stranded assets are converging with calls for companies and investors to apply ESG filters to their activities, and investors are demanding divestment from carbon-heavy assets.
Teck’s Oilsands Mine: The Case Kept Getting Worse and Worse
The abrupt decision by Teck Resources to withdraw its application for the Frontier bitumen mine project reveals a truth that politicians like Jason Kenney and other industry boosters continue to deny — that investing large sums of money in Canada’s oilsands no longer makes any financial sense.
Is the Trans Mountain Pipeline (and Other Fossil Fuel Investments) a Future Stranded Asset?
Several major economies, including the U.S. and Canada, rely heavily on fossil fuel production and exports. But the surging market penetration of renewable energy technologies, energy efficiency improvements, and climate emission policies are certain to substantially reduce the global demand for fossil fuels.
The Case for Phasing out Alberta’s Tar Sands
Proponents call them oil sands while opponents call them tar sands. Whatever they’re called, Alberta’s bitumen reserves are so massive, James Hansen warns that it could be game over for the world’s climate if all are extracted and burned.
G20 Climate Risk Report is a Wake-up Call for Fossil-Fuel Investors
It is rare for a report to hold the potential to change the world, but one study published last month may do just that. The Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD — a group of experts assembled by the G20’s Financial Stability Board) aims to give investors, lenders and insurers visibility of how climate-change risk will affect individual businesses, and a road map for reacting to it.
An ‘Undeniable Success’: Divestment From Fossil Fuels Passes $5 Trillion
Marking the divestment movement’s “undeniable success,” a new report shows the value of funds controlled by individuals and institutions who have vowed to dump their fossil fuels assets now surpasses $5 trillion.
Water, History, and Finance Converge As Sioux Nation Mounts Storied Battle Over Oil Pipeline
Heavy snow and winter cold settled this month on thousands of Native Americans and their supporters encamped on the banks of the Cannonball River, some 30 miles south of Bismarck, North Dakota.
The Other Fire: Fort McMurray’s Slow Burn
At the end of the day the $10-billion wildfire that consumed 2400 homes and buildings in Fort McMurray may be the least of the region’s problems.
State of The Transition: Unfolding like the plot of an epic novel
In my book, given the stakes, no novel can rival this epic real-life drama.
Water-Related Risks Strand $Billions in Energy, Mining, Power Projects
More than a decade later economists and financial analysts are again identifying powerful signals of economic distress, this time in the energy, mining, power-producing, and farm industries.
We Could Be Witnessing the Death of the Fossil Fuel Industry—Will It Take the Rest of the Economy Down With It?
It’s not looking good for the global fossil fuel industry. Although the world remains heavily dependent on oil, coal and natural gas—which today supply around 80 percent of our primary energy needs—the industry is rapidly crumbling.