How to Blow Up a Pipeline Highlight

‘Current investments’, the study on coal observes, can be seen ‘as an indication that investors do not believe in future climate policy or that they are confident in their own lobbying power.’ They still feel that they own the world. Fixed capital of this size is normally subject to risks and sensitive to the anticipated ‘policy context’. Given the money involved, it would be imprudent to undertake these investments if swings and alterations in the economy threatened premature devaluation, let alone liquidation, but these capitalists do not see any wrecking balls coming their way. They think they have nothing to fear.