{"id":2762,"date":"2014-12-10T20:14:11","date_gmt":"2014-12-11T01:14:11","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2762"},"modified":"2014-12-10T20:14:11","modified_gmt":"2014-12-11T01:14:11","slug":"debate-heats-up-on-risk-of-frozen-fossil-fuel-assets","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2762","title":{"rendered":"Debate heats up on risk of frozen fossil fuel assets"},"content":{"rendered":"

Debate heats up on risk of frozen fossil fuel assets<\/a>.<\/p>\n

In a move that\u2019s likely to cause consternation in some of the world\u2019s most powerful corporate boardrooms, the Bank of England has disclosed that it is launching an inquiry into the risks fossil fuel companies pose to overall financial stability.<\/p>\n

Mark Carney, governor of the UK\u2019s central bank, has written to British Members of Parliament telling them that his officials have been discussing whether or not coal, oil and gas reserves held by the fossil fuel industry are, in fact, unburnable.<\/p>\n

\u201cIn light of these discussions, we will be deepening and widening our inquiry into the topic,\u201d Carney says.<\/p>\n

The burning of fossil fuels releases hundreds of thousands of tonnes of climate-changing greenhouse gases into the atmosphere.<\/p>\n

Catastrophic change<\/h3>\n

The idea is that if global warming is to be tackled and catastrophic climate change averted, such energy resources will have to be left where they are \u2212 under the ground. They will, in effect, become frozen or stranded financial assets.<\/p>\n

<\/p>\n

…click on the above link to read the rest of the article…<\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Debate heats up on risk of frozen fossil fuel assets. In a move that\u2019s likely to cause consternation in some of the world\u2019s most powerful corporate boardrooms, the Bank of England has disclosed that it is launching an inquiry into the risks fossil fuel companies pose to overall financial stability. Mark Carney, governor of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,4],"tags":[56,141,328,369],"class_list":["post-2762","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-environment","tag-bank-of-england","tag-climate-change","tag-fossil-fuels","tag-global-warming"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2762"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2762\/revisions"}],"predecessor-version":[{"id":2763,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2762\/revisions\/2763"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}