Report: Climate Rules Could Put $1.1T in Oil Investment at Risk

Many companies say they are addressing climate policies by focusing on energy efficiency and low-carbon technologies such as renewable power generation and carbon capture and storage.

Exxon, the world's largest publicly traded oil company, has said there is little risk to its reserves because they will be needed to meet expected growth in energy demand.

The Carbon Tracker Initiative is funded by several U.S. and European foundations, including the Rockefeller Brothers Fund and the Joseph Rowntree Charitable Trust.

(editing by Jane Baird)


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David  |  May 07, 2014
Ok - so lets restrict carbon output from fossil fuels - what source of energy will step in to fill in the gap? Energy demand is set to increase by 30% I year 2035. The best renewables can do is account for some,of this increase - not to mention that oil reserves are will continue to deplete.


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