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Tony Abbott gets crash course in carbon bubbles
The cancellation of the massive Wandoan coal project was only supposed to happen under a Labor government. But as a new analysis from Citi suggests, the next decade will look nothing like the past, shocking as that may be to the Coalition. Countries pinning their economic hopes on Chinese coal demand are in serious trouble. -
McKibben vs the coal industry: It’s a question of time
Delay is the new maxim in the politics of climate change. Activists such as Bill McKibben want to stop massive new fossil fuel developments, while the fossil fuel industry wants to stop policies supportive of climate change and alternative technologies. In the middle are fund managers and bankers, who are being asked to make a bet on which side wins. -
Ticking time bomb for climate and investors
IFM chair Garry Weaven takes aim at herd mentality of funds managers taking a short term bet on vested interests winning the climate change debate. His comments came as scientists highlight the increasingly urgent nature of rapid action, and the emerging “carbon bubble” facing investors.
