"Carbon bubble" could mean trouble ahead

12/24/2013 | Salon

The value of oil companies and oil-dependent states is in large part due to oil yet to be extracted, but if climate concerns prevent this, that value could evaporate. "Companies should adopt internal pricing mechanisms, as many have done. Companies, governments and individuals should invest in green energy, which will drive sustainable growth," argue Sean McElwee and Lew Daly.

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