> Mark Carney, Governor of the Bank of England, has warned that the stranded-asset problem could threaten global financial stability if the “carbon budgets” imp

> Mark Carney, Governor of the Bank of England, has warned that the stranded-asset problem could threaten global financial stability if the “carbon budgets” implied by global and regional climate deals render worthless fossil-fuel reserves that oil companies’ balance sheets currently value at trillions of dollars. This environmental pressure is now interacting with technological progress, reducing prices for solar energy to near-parity with fossil fuels. I'm very interested to see some medium term outlooks (10-30 year) from the oil industry recently. Anyone have any? The stranded assets problem is already starting to wreak havoc on utilities[1]. If we can only burn about half or less of what currently exist in reserves[2], why isn't there more chatter about it on the medium or long term? [1]: http://www.thestreet.com/story/14661/1/electric-utilities-stranded-assets-in-a-competitive-world.html http://www.thestreet.com/story/14661/1/electric-utilities-st... [2]: https://en.wikipedia.org/wiki/Carbon_bubble https://en.wikipedia.org/wiki/Carbon_bubble