As of June 28, the new News Corp took over the
newspaper assets of the old News Corp., which became Twenty - First Century Fox, a
global TV / entertainment behemoth.
Webb wrote to Davey a few days later: «[
Newspaper] articles reported you backing moves that would encourage investors to think about moving their money out of «risky» fossil fuel
assets, suggesting
global emissions limits could make hydrocarbon reserves unburnable, therefore stranding
assets and rendering them worthless.»