Lou Allstadt, a former senior executive at Mobil Oil, said: “Divestment is speeding up the clock on the final accounting that will show fossil fuels are out and clean energy is in.”Scientists have shown that most existing fossil fuel reserves cannot be burnedwithout causing dangerous climate change. Campaigners argue this makes fossil fuel companies – which are spending billions exploring for even more coal, oil and gas – bad investments on both moral and financial grounds…If the world’s governments fulfil their pledges to tackle climate change by cutting carbon emissions, many fossil fuel reserves would have to be kept in the ground, potentially wasting trillions of investors’ money. This risk is now being taken seriously at the highest level, including the Bank of England, World Bank and the G20’s financial stability board.

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