Norway Gets It! Deutsche Bank Gets It!

end of fossil fuelsAl Gore called them “subprime carbon assets.”  More and more banks, companies, countries, pension funds, universities, churches, and many others are beginning to understand the considerable investment risks in the constellations of fossil fuel companies.  The Norwegian Government Pension Fund Global (GPFG), the world’s biggest and most efficient sovereign wealth fund, last week jettisoned 32 coal mining companies, 5 tar sand producers, 2 cement companies and 1 coal-based electricity generator from its $850 billion portfolio.  The Guardian quotes a GPFG rep here:  “Our risk-based approach means that we exit sectors and areas where we see elevated levels of risk to our investments in the long term.” Continue reading


Print pagePDF page

Houston, You’ve Got a Problem

This graphic represents what Amory Lovins and the Rocky Mountain Institute think is a viable pathway to 0% oil use in the transportation sector.  It is part of the brilliant Reinventing Fire scheme “…for running a 158%-bigger U.S. economy in 2050 but needing no oil, no coal, and no nuclear energy.”  (I use Reinventing Fire as a textbook for my graduate class on clean tech.)

How do we get to zero oil use for transportation by 2050?  Continue reading


Print pagePDF page