2014-12-02: A major threat to fossil fuel companies has suddenly moved from the fringe to center stage with a dramatic announcement by Germany’s biggest power company and an intriguing letter from the Bank of England.
A growing minority of investors and regulators are probing the possibility that untapped deposits of oil, gas and coal -- valued at trillions of dollars globally -- could become stranded assets as governments adopt stricter climate change policies.
The concept gaining traction from Wall Street to the City of London is simple. Limits on emissions of carbon dioxide will be necessary to hold temperature increases to 2 degrees Celsius, the maximum climate scientists say is advisable. Without technologies to capture the waste gases from combusting fossil fuels, a majority of known oil, gas and coal deposits would have to stay underground. Once that point is reached, they become stranded.
Things aren't looking quite as bad as they'd thought over at the Vatican finance office. In an exclusive article in the premier issue of the Catholic Herald magazine, Cardinal George Pell, prefect of the newly created Secretariat for the Economy and the most senior English-speaking official in the Vatican, said, "In
Vladimir Putin has some ideas to help the struggling Russian economy. None of them are going to work.
The pro-democracy protests in Hong Kong have reignited, with new waves of occupation and police repression. And despite global interest, Chinese leaders have warned international onlookers against interfering
The Chicago Public Schools got fleeced in some bond deals gone bad. Will the authority sue or will it be yet another bank victim?
Sono i più grandi gestori di fondi d'investimenti con ritorni tra il 15 e il 50% negli ultimi tre anni: hanno il potere di condizionare le mosse di
Financialization is the driver of a new form of capitalism that has emerged in the last four decades.
Dropping shares in fossil fuel companies might not make a huge difference on its own, but it can help lay the groundwork for other types of climate progress.
You can always count on Americans to do the right thing, after they've tried everything else. -Winston Churchill When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending that the Federal Reserve do a money drop directly on
One thing to be said for the women now heading the Federal Reserve and the IMF: compared to some of their predecessors, they are refreshingly honest. The Wall Street Journal reported on July 2nd: Two of the world's most powerful women of finance sat down for a lengthy discussion Wednesday on the future of monetary
Something strange is afoot in the Office of National Statistics. Every time the Chancellor of the Exchequer takes a bow for his outstanding economic management, the ONS dumps cold water on him. The ONS
The New Economics Foundation is the only people-powered think tank. We work to build a new economy where people really take control
Thomas Piketty's bestselling book Capital in the Twenty-First Century shows that in a selection of developed countries the stock of capital is growing faster than economic output, causing disturbing increases
Will Hutton: Economist Thomas Piketty's message is bleak: the gap between rich and poor threatens to destroy us
In the final week of January 2014 two current executives and one retired top level executive of major financial firms were found dead. Both media and
The politics of recession and recovery dominate discussions about the British economy. Every new set of figures published or set-piece moment like the budget sparks another debate on whether the UK has
Newsmax.com reports todays news headlines, live news stream, news videos from Americans and global readers seeking the latest in current events, politics, U.S., world news, health, finance, science, technology reports, republican, democrat, libertarian