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How the Finance World Started Turning Against Fossil Fuels

It’s been 10 years since a think tank report titled “Carbon Bubble” first highlighted the idea of carbon-intensive stranded assets

A coal mound on the grounds of the Peabody Energy Francisco coal mine.

A coal mound on the grounds of the Peabody Energy Francisco coal mine.

Photographer: Luke Sharrett/Bloomberg

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A quiet celebration took place in London last month. It marked the 10th anniversary of the “Carbon Bubble” report, published by the think tank Carbon Tracker Initiative, that’s become one of the most influential arguments against burning fossil fuels.