fossil fuel

fossil fuel

Lou Allstadt on Fossil Fuels in the Financial System

6d ago
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"When the financial community realizes that they have to think about closer in financial impacts, they're going to start really discounting the value of somebody's fossil fuel companies," said Lou Allstadt, former Executive Vice President at Mobil Oil Corporation and member of Citizens Climate Lobby. Allstadt discusses how financial markets are beginning to take climate into account when valuing fossil fuel investments. Speakers: Angus Gillespie, Vice President for CO2, Shell Oil Company Mary Nichols, Chair, California Air Resources Board Lou Allstadt, Former Executive Vice President, Mobil Oil Corporation; Member, Citizens Climate Lobby This program was recorded before a live audience on January 12, 2015. http://climate-one.org http://commonwealthclub.org