Investors in US oil, gas companies have not ignored science behind unburnable carbon, study says
Thursday, January 23, 2014 - 06:01
in Mathematics & Economics
Investors in U.S. oil and gas companies have not ignored the science when considering whether the potential carbon asset stock prices constitute a bubble—a concern raised in recent media reports, a new University of California, Davis, study suggests. The study found, instead, that investors' rational expectations for future cash flows are based on all possible scenarios, not just particular negative ones that crop up in the media.