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SEARCH More than 6,000 stories! A great gift for crisis deniers! Humoring the Horror of the Converging Emergencies 94 color pages $24.99 now $15! Or read FREE online! Twitter Ping this story in social media: del.icio.us Digg Newsvine NowPublic Reddit Facebook StumbleUpon

Posted Mon Jul 28 2014: from The Economist: The elephant in the atmosphere http://apocadocs.com/s.pl?1406558468 IN SEPTEMBER 2013 a group of institutional investors with $3 trillion of assets under management asked the 45 biggest quoted oil firms how climate change might affect their business and, in particular, whether any of their oil reserves might become "stranded assets"--unusable if laws to curb emissions of carbon dioxide became really tight. Exxon Mobil and Shell are the most recent to get back with their assessment of the risk: zero. "We do not believe that any of our proven reserves will become 'stranded'," says Shell. [Read more stories about: capitalist greed, anthropogenic change] New!: No reader quips yet -- be the first! Got a PaniQuip? Your Quip (limit 140 characters, no links, just wit): First name: The text shown in the Web image to the right: We reserve the right to reuse, remove, or refuse any entry.

'Doc Michael says: In other words, they'll keep extracting until the earth is fried. NEXT> More stories: U.S. Becomes Biggest Oil Producer After Overtaking Saudi Arabia Climate Change Increases Risk of Crop Slowdown in Next 20 Years (The elephant in the atmosphere) Kudzu That Ate U.S. South Heads North as Climate Changes Biologist warn of early stages of Earth's sixth mass extinction event Want to explore more? Try the PaniCloud!

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