Author Archive
Climate Change May Curb Profits From Fossil Fuels, Study Says
Posted by Bloomberg: Justin Doom on October 31st, 2013
Bloomberg: Fossil-fuel assets such as coal mines and gas wells may lose value if climate change prompts tougher regulations, according to a report from Al Gore and David Blood’s Generation Investment Management. About two-thirds of the fossil fuels still underground must remain there if the planet is to meet a United Nations target of limiting global warming to 2 degrees Celsius (3.6 degrees Fahrenheit). That means assets such as coal mines and gas wells may have to reduce production, cutting profits, according...
New Yorkers Prefer Water Improvements to Subways: Survey
Posted by Bloomberg: Justin Doom on March 28th, 2013
Bloomberg: Water and wastewater upgrades top the wish list for infrastructure improvements by more than four in five New Yorkers, surpassing subway lines in importance, according to survey results released today by Xylem Inc. (XYL)
The water company whose pumps helped clean tunnels and homes flooded by Hurricane Sandy said the survey showed that 82 percent of residents want New York to spend more on water systems. Almost two-thirds said they’re willing to pay higher rates to help complete such projects,...