The carbon bubble: why investors can no longer ignore climate risks

When Sandy Emerson sat down in her portfolio manager’s office two years ago and announced she wanted to divest from fossil fuels, the latter furrowed her brow and said: “Why would you want to do that?” Emerson, a 68-year-old Berkeley, California resident, explained her unease about owning shares in companies that contribute to climate change and began selling her stock.

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