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Posted Mon Jul 28 2014: from The Economist:
The elephant in the atmosphere http://apocadocs.com/s.pl?1406558468
IN SEPTEMBER 2013 a group of institutional investors with $3 trillion of assets under management asked the 45 biggest quoted oil firms how climate change might affect their business and, in particular, whether any of their oil reserves might become "stranded assets"--unusable if laws to curb emissions of carbon dioxide became really tight. Exxon Mobil and Shell are the most recent to get back with their assessment of the risk: zero. "We do not believe that any of our proven reserves will become 'stranded'," says Shell.
[Read more stories about: capitalist greed, anthropogenic change]

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'Doc Michael says:
In other words, they'll keep extracting until the earth is fried.

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