Time To Ditch Those Sub-Prime Carbon Assets

Nobel laureate Al Gore advised Wall Street leaders and institutional investors Thursday to ditch their "subprime carbon assets" - businesses too reliant on carbon-intensive energy - or prepare for huge losses down the road.
"You need to really scrub your investment portfolios, because I guarantee you - as my longtime good redneck friends in Tennessee say, I guarandamntee you - that if you really take a fine-tooth comb and go through your portfolios, many of you are going to find them chock-full of subprime carbon assets," said the former U.S. vice president who won a Nobel Prize for his environmental work...
Gore's remarks before a high-profile business crowd that collectively controls some $20 trillion in capital were intended to unleash a financial ripple effect that would force the entire world to start putting a price on carbon emissions and treating them as a scarce commodity.
Via::Down Jones Newswires, "Gore Warns Business Leaders To Dump 'Subprime Carbon Assets'" Image credit::Responsible Investor