G7 leaders agree to phase out fossil fuels – FT.com

The Group of Seven industrial powers have agreed the world should phase out fossil fuel emissions this century, in a move hailed as a historic decision in the fight against climate change.

This refutes those who claim that environmental initiatives have any “agenda” other than an entirely justifiable and quantifiable investment analysis of the prospects for fossil fuel and the effects of climate change. Indeed, it is questionable whether any fiduciary can ignore the investment risk companies who fail to recognize the impact on their business model of political responses to climate change.

via G7 leaders agree to phase out fossil fuels – FT.com.