CORDIS Project
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This project examines the financial and ethical implications of oil dependency in the context of climate change. Through ethnographic research, it aims to understand how key actors in the oil industry perceive and influence market dynamics amidst environmental concerns.
In October 2014, the Chairman of the Bank of England Mark Carney warned that many oil reserves cannot be developed.
If so, they would contribute so significantly to increased greenhouse gas emissions that international targets to avoid dangerous levels of global warming would be exceeded.
However, stock valuations of oil companies assume that all proven and probable reserves can indeed be produced.
Amounting to a potentially enormous debt overhang, the Bank of England has launched an enquiry int…
THE UNIVERSITY COURT OF THE UNIVERSITY OF ST ANDREWS
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