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Exploring the concept of ‘unburnable carbon’

June 2014

Over the past year, the concepts of ‘unburnable carbon’, ‘stranded assets’ and a ‘carbon bubble’ have been promoted by a number of groups, gaining the attention of investors, academics and the media. This fact sheet explores some of the assumptions involved in these concepts and puts them into the wider perspective of the energy system, recognizing the importance that oil and gas bring to modern living standards, economic growth and societal advancement. It also demonstrates how oil and gas companies acknowledge the risks posed by climate change and how they actively manage these risks.

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