Weathermongering

“The use of the weather as a weapon was banned in 1978.” (http://www.theguardian.com/environment/2015/feb/15/spy-agencies-fund-climate-research-weather-weapon-claim)

The use of climate as a cash cow isn’t looking so hot either.

“Investors are starting to think by 2030 the world will be in such a panic about climate change that either by law or by price it will be very hard to burn fossil fuels on anything like the scale we are doing at the moment.” (http://www.theguardian.com/environment/2015/feb/15/fossil-fuel-industry-must-take-stranded-assets-seriously-say-tim-yeo)

“AJ Lucas … a founding investor in Cuadrilla, which plans to exploit fracking licences in the UK … has lost 71% of its value in the last 12 months.” (http://www.theecologist.org/News/news_round_up/2753599/fracking_company_valuation_sinks_to_new_lows.html)

Advertisements