Friday, April 19, 2013

How Your Pension is Being Used in a $6 Trillion Climate Gamble | Common Dreams

How Your Pension is Being Used in a $6 Trillion Climate Gamble | Common Dreams
"Suppose you weren’t worried that we humans are destroying our water supply and eroding our ability to feed ourselves by burning coal and gas and oil and hence changing climate. Suppose you thought that was all liberal hooey. What might worry you about fossil fuels instead? How about a six trillion dollar bet, including a big slug of your own money, on people not doing what they have said they are going to do, and that some have already sworn to do in law? 

Six trillion dollars is what oil, gas, and coal companies will invest over the next ten years on turning fossil fuel deposits into reserves, assuming last year’s level of investment stays the same."

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