Today, I learned about a very interesting project put together by Data For Good and éclaircies: https://www.carbonbombs.org
It explains the concept of #carbonBombs and provides transparent data and visualization about the world's biggest #fossil fuel extraction projects, and their links with #companies and #banks !
It comes with maps, graphs and figures that highlight the 425 fossil fuel projects around the world that will generate more than 1 gigatonne of CO₂ emissions during their lifetime.
Big Oil and its allies are attacking the International Energy Agency for forecasting a relatively imminent peak in fossil-fuel demand and the rapid uptake of #renewables
The fossil fuel industry is shooting the messenger, because the message contains the words "stranded assets".
If the banks hear that message, that industry is DONE.
"By analysing global accounting regulations using data on European banks, our team of researchers identified a structural bias in financial models which are required to assess and report risk.
Alarmingly, they tend to judge carbon-intensive assets as less risky than lower carbon ones."