Al Gore: world is on brink of ‘carbon bubble’
October 31, 2013, www.theguardian.com | “The world is on the brink of the “largest bubble ever” in finance, because of the undisclosed value of high-carbon assets on companies’ balance sheets, and investment managers who fail to take account of the risks are failing in their fiduciary duty to shareholders and investors, Al Gore and his investment partner, David Blood, have said.”
Former Chief Executive of Goldman Sachs joins with the former Vice President in investment strategy to divest from “Stranded carbon assets” such as coal mines, fossil fuel power stations and petrol-fuelled vehicle plantsAl Gore: world is on brink of ‘carbon bubble’ – divest before the bubble bursts!www.theguardian.comGore and partner David Blood (formerly of Goldman Sachs) call on companies to ‘do their fiduciary duty’ and identify carbon risks in their portfolios
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