Stranded Assets owned by the world's Oil, Coal and Gas industries
Metro Hall, 55 John Street (at King Street West), Room 308
Presentation by Michael Brothers
A one hr (approx) presentation on how and why the world's oil, gas and coal producers are exploring for and developing far more fossil fuel reserves than can ever be used, if the world is to avoid catastrophic global warming.
What are the implications of this to Canada and the rest of the world if indeed we have to close down our carbon-based energy producers and move to renewable resources?
We will discuss what Canada's fair, internationally allowed, carbon budget is likely to be; who will be the energy producing winners and losers; what are some of the implications for personal investors and pension holders; and we also propose a regional strategy which might minimize the disruptions caused by moving to an all-renewable future.
This topic was chosen by the member groups of the Toronto Climate Action Committee (TCAN) as a research project for 2014.