"The sheer scale of the reserves within listed oil that might be unburnable."

Interviews at the launch of the second Carbon Tracker report on You-Tube: Paul Spedding, Oil and Gas Analyst at HSBC: What struck me was “the sheer scale of the reserves within listed oil that might be unburnable. Approaching 80% of their reserves may be unmonetisable.” Lord Stern of LSE: “You cannot believe two things simultaneously. You cannot believe that we have a reasonable chance of holding to two degrees, and believe that hydrocarbon companies are anywhere near valued at the right price. Howard Pearce, Head of Pension Fund Management, Environment Agency Pension Fund: “This report should be read by every chairman and every chief investment officer of every UK pension fund. Jeremy Leggett: “We’re fascinated to see how the Bank of England reacts to our report.”