Greenpeace: Message to world elites - don't bet on coal and oil growth

26/01/14
Author: 
Kumi Naidoo

Same techno-fix message from Greenpeace - all that is needed is investment in clean technologies...

A mind-boggling sum of about US$ 800 for each person on the planet is invested into fossil fuel companies through the global capital markets alone. That’s roughly 10% of the total capital invested in listed companies. The amount of money invested into the 200 biggest fossil fuel companies through financial markets is estimated at US$ 5.5 trillion.