Be very wary of oil, report urges big investors
9 May 2014

By PAUL BROWN.- Investors are being urged to warn oil companies that they are risking trillions of dollars in exploiting oil fields that will probably never be profitable − and to consider selling their shares if the companies fail to listen to them.
A report out today from the Carbon Tracker Initiative, a not-for-profit organisation of specialists who assess climate risk in today’s financial markets, says it was surprised to find that many of the investments by oil companies were financially dubious − even without taking into account climate change factors.
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