The London Stock Exchange has become a carbon haven for fossil fuels.
British Politics and Policy at LSE
(27 Mar 2012)
With London leading the way, Western financial centres are providing the capital for coal extraction around the world. James Leaton argues that the short-term view stock markets take and the inability of capital markets to properly factor in long-term climate change risks means that a carbon bubble is developing. Capital markets will eventually have to readjust.
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