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Carbon Capital: Climate Change and the Ethics of Oil Investing

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Surprising insights into the worldviews of oil and gas financiers

It is no secret that the fossil fuel industry, whose products power modern America both physically and financially, inflicts immense destruction to our environment. The past, present, and future of US energy have been determined not just by engineers, but by financiers, an under-studied group of energy investors.

Drawing on four years of ethnographic work in Houston, Texas, the financial center of the oil industry, Carbon Capit...