Investor Warning: Fossil Fuels and the Risk of Stranded Assets

It is becoming increasingly apparent that fossil fuels represent a substantial risk that should make investors wary. Fossil fuel reserves, including oil, gas and coal will be rendered obsolete in the coming decades, leaving investors holding valueless investments. A plethora of peer reviewed science tells us the curbing fossil fuel use is key to climate mitigation.

From widespread calamitous coastal flooding to devastating extreme weather events the need to urgently act on climate change has finally been accepted by every nation on earth. The economics of climate action is sound. A cost benefit analysis reveals the overwhelming logic. We must the eradication of fossil fuels as soon as possible. The impetus to act on climate change, once dismissed by some, is now a fact of life for all thinking people.

Duke Energy Does it Again: More Coal Ash in Public Water

Coal ash spills came into the popular consciousness with the widely reported Dan River Disaster. However, this is far from the only spill of coal ash. Less than two months after Duke energy spilled 30,000 tons of coal ash which decimated 70 miles of the Dan River, there was a repeat. However, this time was different, this time it was clearly intentional.

Duke energy was photographed deliberately dumping wastewater from toxic coal ash into public waterways. The Waterkeeper Alliance released aerial surveillance photos that caught Duke Energy red handed. The images show workers pumping wastewater from two of Duke Energy’s toxic coal ash lagoons into a canal that drains into the Cape Fear River, a source of public drinking water.