Jon Richardson and the Futurenauts S06 EP5: Climate truth-bombs & unburnable carbon’ with special guest Mark Campanale
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Mar 3, 2026 
Mark Campanale, founder of the Carbon Tracker Initiative and sustainable finance expert, explains why markets keep valuing fossil fuels we cannot burn. Short takes cover the carbon bubble and stranded assets. He outlines systemic financial incentives propping up oil companies and practical steps listeners can take.
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Carbon Bubble Shows Fossil Reserves Are Financial Risk
- The carbon bubble links listed fossil fuel reserves to future emissions and financial risk.
- Mark Campanale's 2011 Carbon Tracker report showed listed companies' reserves alone could push warming past 2–3°C, creating stranded-asset risk.
Politics Can't Stop Falling Costs Of Renewables
- Political rollbacks (e.g., US deregulatory moves) hurt morale but cannot stop cheaper clean technology adoption.
- Campanale points to renewables' falling costs and US states flourishing from green energy as durable trends.
Fossil Fuels Work Like A Printer Ink Business Model
- The fossil business model depends on repeat fuel sales and global trading infrastructure.
- Campanale likens oil to printer ink: banks, tankers and storage create continuous profit that renewables threaten to destroy.