There is no doubt that the fossil fuel industry is carrying on its books trillions of dollars of proven reserves and there is no doubt that the scientific reality of fossil fuel-induced climate change calls into question their ability to economically extract these assets.
Bill Foster: “There is no doubt that the fossil fuel industry is carrying on its books trillions of dollars of proven reserves and…”
Editor's note · Context
Foster highlights the financial risks of fossil fuel reserves due to climate change.
Share
More from Bill Foster
If you made it anonymous, you would allow Members to sort of probe support for centrist legislation.
Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.
This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.
If you conclude, as you are actively studying it, that you need more visibility into certain areas of, particularly nonbank things that may be parts of the chain of contagion, please let us know, because it is our job to avoid the next…





