Institutional investors warned about peak oil and climate change

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http://www.energybulletin.net/20577.html

SO are we headed for peak oil or not? With all the news lately and the price of oil dropping one would have to wonder.. But never fear, we are headed for peak oil and most people will be caught off guard..

A major report launched today warns institutional investors to pay attention to the dangers of climate change and peak oil. The fourth Carbon Disclosure Project report is the result of a collaboration of 225 institutional investors with combined assets of $31 trillion. In the report, Winston Hickox, Senior Portfolio Manager of Environmental Initiatives at Calpers, one of the world's largest pensions funds, writes, " While climate change risks are rapidly becoming clearer and better understood by institutional investors, the implications of “peak oil,” yet another large-scale economic externality that requires better understanding by investors, is less well known to the institutional investor community."