15 February 2016
We examined the issue of fossil fuel companies, and the 'carbon bubble' which makes them appear to be better investments than they are, at our Bursting the Bubble event at the Cheese and Grain on Thurs 11th Feb.
Speakers Sam Lund-Harket of Global Justice Now, Green councillor Shane Collins and Anna Francis, Resilience Officer at Frome Town Council outlined the problem of the carbon bubble, where companies are overvalued because their official stock market prices wrongly assume that all their fossil fuel assets can be released and sold, despite the fact that this would cause catastrophic climate change and is contrary to the recommendations of the Paris COP21 conference to drastically reduce the global use of fossil fuel immediately. A growing movement for divestment recognises this problem and urges all sorts of organisations, public and private, to remove their investments from these risky companies, for the good of the planet and their own financial security. Finally, we heard about the energy alternatives to reckless global fossil fuels - commumity renewables projects such as the Frome Renewabe Energy Co-op.
And many thanks to everyone who joined us at our Show the Love stall on Sat 13th Feb to contribute their reasons why they love the planet. This was part of the Show the Love national climate campaign. We received some terrific messages, from 'endless inspiration & diversity' to 'Mars is too bloody cold'!
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