After learning that Exxon misled the world about its advanced understanding of climate change science for decades, it shouldn’t be too surprising to learn that the company is being less than truthful about what the reality of climate change means to its oil-based business model now.
In the wake of the Paris Agreement to meet or beat a two degree Celsius limit on global warming, the science is clear that to achieve this goal, a lot of known fossil fuel reserves will have to remain in the ground. From the industry's perspective, that will mean “stranded” assets.
By John Hobson, chair of campaign group Defend Lytham
This year we have experienced the longest heat wave since 1976, and we learned this weekend that the North...