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ARTICLE · 14 AUGUST 2015

Ceres Issues New Report On Progress Of Its 2013 Carbon Asset Risk Initiative

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The report begins by discussing a "paradigm shift" in the fossil fuel industry. Previously, the concern was running out of fossil fuels, or not being able to access them cheaply enough.

United StatesEnvironment
Daniel Hido
Daniel Hido
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In September 2013, the investor group Ceres launched the Carbon Asset Risk Initiative. Carbon asset risk ("CAR") is the idea that the world's fossil fuel companies hold more oil, gas, and coal reserves "than can realistically be burned in order to avoid catastrophic global warming." This initiative was part of an effort by investors to obtain greater disclosure from these fossil fuel companies of information related to these "stranded assets." On June 30, 2015, Ceres issued the report Carbon Asset Risk: A Review of Progress and Opportunities.

The report begins by discussing a "paradigm shift" in the fossil fuel industry. Previously, the concern was running out of fossil fuels, or not being able to access them cheaply enough.

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