This is a guest post by Andrew Leach, Enbridge Professor of Energy Policy at the University of Alberta. The article originally appeared in Maclean’s magazine and is republished here with permission.
It was reported recently that Exxon-Mobil will begin disclosing the degree to which its assets are exposed to future greenhouse gas policies. This risk is at the heart of what has become known as the carbon bubble, a term advanced by UK group Carbon Tracker, which suggests that assets may be over-valued as a result of not accounting for potential future limits on fossil fuel extraction imposed to (Read more…)