Of all the worlds contingent and discovered reserves of Coal and Oil, it will take only 1/3rd of it being burned in order to translate into a 2 degree rise in global temperatures.
So anyone who thinks that the worlds population will allow the lot to be burned is just making a bad investment. The world won't allow it so your money will be invested badly and you will probably lose 80% of it if you invest in Oil and Coal companies.
I am reconsidering all my resource investments now out of ethical responsibility.
Making excuses for rich oil and coal mongers is just an excuse for you to also make money - so knowing that most of your investment is 80% overpriced, why would you invest in any of these companies long term?
And in addition there's also the environment to worry about, but that doesn't seem to matter to many investors - only money matters.
The want for money is a disease and will be the downfall of your wealth in coming years..
