Archives for 8th March 2017

Oil giant Exxon is facing an investigation for suppressing evidence of Climate Change in the late 1970s

CLIMATE CRISIS

Ben Chu: Financial markets are now betting against the future of the planet

8th March 2017

The Paris climate agreement was hailed by Al Gore as the moment when “the community of nations finally made the decision to act”. But there’s been no readjustment of energy stock prices since then. Indeed, the flotation of a tranche of Saudi oil giant Aramco, is expected to create the most valuable company on earth….

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CLIMATE CRISIS

Watch: What oil giant Shell knew about climate change in 1991

The Guardian reports: The oil giant Shell issued a stark warning of the catastrophic risks of climate change more than a quarter of century ago in a prescient 1991 film that has been rediscovered. However, since then the multinational company has invested heavily in highly polluting oil reserves and also helped lobby against climate action….

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