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Bloomberg LP Launches First Tool That Measures Risk of 'Unburnable Carbon' Assets

Soon, fossil fuels may be a risky investment. What policies can we create to hasten the process?

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Tuesday, December 3, 2013
Elizabeth Douglass
InsideClimate News
loomberg LP is now offering a Carbon Risk Valuation Tool through its terminal subscription service
loomberg LP is now offering a Carbon Risk Valuation Tool through its terminal subscription service

In a move that underscores Wall Street's growing unease over the business-as-usual strategy of the world's fossil fuel companies, Bloomberg L.P. unveiled a tool last week that helps investors quantify for the first time how climate policies and related risks might batter the earnings and stock prices of individual oil, coal and natural gas companies.

The company's new Carbon Risk Valuation Tool is available to more than 300,000 high-end traders, analysts and others who regularly pore over the stream of information that's available through Bloomberg's financial data and analysis service. The move significantly broadens and elevates the discussion of "stranded" or "unburnable" carbon reserves—expanding it beyond climate groups and sustainability investors to the desks of the world's most active and influential investors and traders.

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