Collapse of Lehman Bros on 15/9/2008 unleashed the worst global downturn since 1929. It was almost entirely unanticipated. #10yearsafter = a good time to ask what Govts, policymakers & economists can learn from this catastrophe & how to prevent future ones https://www.theguardian.com/commentisfree/2018/sep/12/crash-2008-financial-crisis-austerity-inequality?CMP=share_btn_tw …
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At Carbon Tracker, we've been warning investors about the
#CarbonBubble, which some analysts and commentators have termed: "the sub-prime danger of this cycle" https://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10957292/Fossil-industry-is-the-subprime-danger-of-this-cycle.html …#StrandedAssets2 replies 4 retweets 2 likesShow this thread
Replying to @CarbonBubble
US gas utilities depreciate distribution assets over 65 to 80 years. But, adoption of heat pumps will reduce gas asset's economic life, creating #StrandedAssets. We must begin a process of managed de-capitalization by accelerating depreciation and banning new gas expansion.
8:01 AM - 17 Sep 2018
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