Many authoritative voices, such as the heads of the World Bank, Jim Yong Kim, and the Bank of England, Mark Carney, have warned that many fossil fuel reserves could be left worthless by action on climate change.
In addition to the climate risk, the Bank of England and others argue that fossil fuel assets may pose a "huge risk" to pension funds and other investors as they could be rendered worthless by action to slash carbon emissions.
In March, the Bank of England warned that insurance companies could suffer a "huge hit" if their investments in fossil fuel companies are rendered worthless by action to tackle climate change.
Furthermore, authorities such as the World Bank and Bank of England have warned that fossil fuel reserves will be left worthless if the action needed to cut carbon emissions kicks in.
Fossil fuel companies risk wasting up to $2tn£1.3tntn) of investors' money in the next decade on projects left worthless by global action on climate change and the surge in clean energy, according to a new report.
Financial experts, including the Bank of England and Goldman Sachs, have begun taking seriously the risk that expensive fossil fuel projects will be rendered worthless by future climate action.
Nowadays, our attention is constantly split between any one of a hundred worthless calls for collective action, every gap in our awareness plugged with this do-something-zany mental junk food.
It allowed Tennessee to negate Ricky Williams (13 carries, 37 yards), making Miami's play-action passes worthless.
This audit will be worthless unless it leads to action and new policies, pursued with determination and conviction.
Ivan Glasenberg, the billionaire chief executive of Glencore Xstrata, dismissed concerns that any of its 4.3bn tonnes of coal reserves could be left worthless – or 'stranded' – by international action to cut greenhouse gases.
Glasenberg recently dismissed concerns that any of Glencore's huge reserves of coal would be left worthless by international climate change action to cut greenhouse gases, saying he did not believe governments would act in the face of growing demand for cheap energy.
