Who really owns the oil industry’s future stranded assets? If you own investment funds or expect a pension, it might be you
- Written by Gregor Semieniuk, Assistant Research Professor of Economics, UMass Amherst
More countries are discouraging fossil fuel use, but the industry is still pumping.Leonard Ortiz/MediaNews Group/Orange County Register via Getty ImagesWhen an oil company invests in an expensive new drilling project today, it’s taking a gamble. Even if the new well is a success, future government policies designed to slow climate change...