Wednesday, April 22, 2015

Banking Giant Warns Clients Of Fossil Fuel Investment Risks

Banking Giant Warns Clients Of Fossil Fuel Investment Risks

"Global banking giant HSBC has warned investors of the growing risk of their fossil fuel assets becoming useless, in a private report seen by Newsweek.

In the report, titled ‘Stranded assets: what next?’, analysts warn of the growing likelihood that fossil fuel companies may become “economically non-viable”, as people move away from carbon energy and fossil fuels are left in the ground."

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