Major pension funds ask for climate change study
Some of the largest pension funds in the U.S. and the world are worried that major fossil fuel companies may not be as profitable in the future because of efforts to limit climate change, and they want details on how the firms will manage a long-term shift to cleaner energy sources.
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#1 Oct 24, 2013
More bogus denial. Large companies like Exxon don't fade away. They have the capital and resources to be first in line to the NEW businesses. Most have a 'foot in the door' as a backup plan if their monopoly profits from $5/gallon gasoline dry up..
Some may be losers. The ones that decide that the money is too good to give up, having the consumer over a barrel since the demand is inflexible. But they are the ones that will naturally 'fade away' from their mental ossification anyway regardless.
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