Oil, gas and coal companies face the mounting risk of legal damages for alleged climate abuse as global leaders signal an end to business-as-usual and draw up sweeping plans to curb greenhouse gas emissions, Bank of America has warned.
“Some investors, such as philanthropic trusts and foundations, will also have to consider whether continuing to invest in high-carbon assets represents a significant conflict to their overall mission and objectives”, says the Prince of Wales.
Investors in the City [London] are increasingly concerned that fossil fuel groups and their insurers are on the wrong side of a powerful historical shift and could be swamped with exorbitant class-action lawsuits along the lines of tobacco and asbestos litigation in the US.
You can read the rest @
http://geab.eu/en/fossil-fuel-companies-risk-plague-of-asbestos-lawsuits-as-tide-turns-on-climate-change/
You can bet your sweet bippy that much of the interest in "climate change" is about money, so I would not be surprised to see some mega lawsuits very soon. That would be one sure way to "decarbonise" the world's economy.
Update - Other aspects of the "climate change revolution" are estimated to be worth $90 trillion. There will no doubt be fierce competition for that kind of money:
http://www.telegraph.co.uk/finance/economics/11958916/Paris-climate-deal-to-ignite-a-90-trillion-energy-revolution.html
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