A growing number of the global wealthiest people are taking a hard line on climate change and denying the risks posed by global warming, according to new research from the Financial Times.
Many are taking the stance that carbon dioxide emissions should be phased out or that climate change is a hoax, but others are not taking a stand at all.
The FT found that the world has seen more than 1,500 companies divest from fossil fuels since the start of the century.
Some of these have gone public since the end of 2016, with the vast majority of these deals going into the private sector.
Many of these include carbon-capture technology, but also a host of other forms of energy, from solar power to wind and tidal power.
Among the companies in the research group are Apple, Goldman Sachs, Facebook, Amazon and Twitter.
The FT’s analysis also found that there is growing recognition that companies should invest more in developing new clean technologies, which can be used to clean up the planet in the long term. “
It is not a simple choice, but in many cases, a choice that makes sense.”
The FT’s analysis also found that there is growing recognition that companies should invest more in developing new clean technologies, which can be used to clean up the planet in the long term.
The fossil fuel industry has long resisted efforts to phase out fossil fuels.
“In general, the industry has been cautious about investing in new technologies, and has resisted the introduction of a carbon tax as part of any broader effort to curb emissions,” Ross said.
The research, based on data from more than 3,000 companies, shows that the fossil fuel sector has been one of the fastest-growing sectors of the economy.
“The fossil fuel and related industries have seen their share of the US economy rise steadily in the past decade,” Ross wrote.
“More than three-quarters of the $1.5tn invested by US firms in 2017 was in this sector, and the share rose to more than half by 2022.”
The fossil fuels industry is also one of only three sectors in the US to have seen a rise in revenues.
The other two were healthcare and the education sector.
“There is an increasing recognition that fossil fuels are one of our few resources to invest in,” Ross added.
“That is what makes this report such a powerful sign for the future of the fossil fuels and energy sector.”