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Saudi Aramco IPO: the ultimate marriage between carbon and capitalism

Roll up! Roll up! The world’s biggest climate polluter, Saudi Aramco is poised to announce the world’s biggest stock flotation in an ultimate marriage of carbon and capital. Any institution with tens of millions of dollars and few qualms about the environment is invited. Entry is not as exclusive as it sounds. Individuals with a lot less cash and a lot more concern may also inadvertently find themselves as guests through pension funds that automatically track the stock markets. Saudi oil giant Aramco gets go ahead for $1.5tn stock listing Read more Scientists warn that fossil fuels and money will soon need to divorce because carbon emissions must be slashed by half over the next decade if…