Posted 3 November 2013
"Surprise! Al Gore and his carbon credit huckstering partner David Blood, both principals at Generation Investment Management (GIM), warn in their October 30 Wall Street Journal op/ed feature of peril to fossil fuel investments due to 'The Coming Carbon Asset Bubble”' They argue that such 'unwise and increasingly wreck less' investment strategies pose three broad risks which will cause carbon assets to become 'stranded' and lose economic value: through direct government carbon regulation; as a result of market-share losses to 'already competitive' renewable technologies; and due to 'sociopolitical pressures' causing carbon-intensive businesses to lose their 'license to operate'" - Larry Bell writes in Forbes magazine.
Read it here