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Climate change could put $6 trillion in fossil fuel reserves at risk
Posted by Quartz: Todd Woody on October 26th, 2013
Quartz: The International Energy Agency last year warned that if humanity is to have any hope of avoiding catastrophic climate change, a third of the world’s fossil fuel reserves must be put off limits until 2050. That prompted HSBC Global Research to estimate that some oil giants could lose up to half their market value. In other words, we’re talking about trillions of dollars in revenues going up in smoke if governments ever get their act together and issue a no-burn order.
Now 70 investors that control...
The number of killer thunderstorms could jump 40% by 2070
Posted by Quartz: Todd Woody on September 25th, 2013
Quartz: That spate of destructive thunderstorms that struck the US last year, killing scores of people and racking up billions of dollars in damages? Get ready for more. A lot more.
In a first-of-its-kind study published yesterday, scientists at Stanford University have linked climate change to the increasing frequency of such super storms. By 2070, the number of severe thunderstorms, which often spawn deadly tornadoes, could increase by 40% in the eastern US, according to the computer model developed...