The Alberta government could see to it that the energy producers refined the stuff into synthetic crude oil on site but this is a high - cost, high -
carbon asset already at some risk of becoming «stranded.»
Not exact matches
Also, it leaves out the truly important number, which is
already - been - built - or - drilled
carbon - based
assets.
At the same time, current international commitments to reduce
carbon emissions and rapid technological change have
already led many fund managers to reconsider their investments in these potentially stranded
assets, while a growing number of studies show that responsible investment portfolios typically offer returns on a par with or superior to, conventional investment portfolios.
London, 19th April 2013 — Today new research by
Carbon Tracker Initiative and the Grantham Research Institute on Climate Change and the Environment at London School of Economics and Political Science reveals that despite fossil fuel reserves
already far exceeding the
carbon budget to avoid global warming of more than 2 °C, $ 674 billion was spent last year finding and developing new potentially stranded
assets.
Investors are aware that
assets are
already being written down, with increasing competition between energy sources, air quality standards being introduced to reduce health impacts, and measures to reduce
carbon pollution combining to change the energy landscape.