That stranded assets problem:
Fund managers have known about stranded assets for more than a decade, and still they left pensioners exposed to them. Now those assets, and the pensions, are going up in financial smoke https://t.co/34AFTddKBJ via @financialtimes
— Richard Murphy (@RichardJMurphy) June 30, 2020
Well, yes, can’t we just see the effect on pensioners of that asset write down?
Fool.
Just because Mark “rock star” Carnage was worried about stranded assets, that doesn’t imply that everyone should be worried. Sooner or later even our cretinous political overlords must acknowledge that the green policies foisted on them by outrageously corrupt folk such as Lord Trougher and his committee of idiots and cronies are untenable
Time to buy RDSB then if Spud says not to.
This is interesting, maybe we don’t need a carbon tax:
http://environmentalprogress.org/big-news/2020/6/29/on-behalf-of-environmentalists-i-apologize-for-the-climate-scare
I honestly belief that this dunderhead believes that the only uses for oil is for the internal combustion engine. Even evs use a lot of oil and gas products in their construction – https://www.visualcapitalist.com/how-much-oil-electric-vehicle/ . It’s probable that civilisation would grind to a halt without oil, even if we got rid of the internal combustion engine.
Doc Bud says
This is interesting, maybe we don’t need a carbon tax:
Or perhaps we need a carbon subsidy. Compare and contrast satellite images of the Sahel three or four decades ago (360 ppm CO2) with images today (400 ppm CO2)
Cost benefit analysis is complex, but on the whole I’m on the side of those farmers who leave the tractor engine running to give their polytunnels a good dose of it.
RDS is descending the tube because it has announced its intention of abandoning its core business, the extraction of fossil oil, to concentrate on harvesting unicorn farts. Attacking them as the poster boy for fossil fuels makes no sense.