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Lloyd's Warns Of Increasing Fossil Fuel Risks, Urges Green Focus

As fossil fuel supplies are stretched thinner, risks similar to the British Petroleum oil spill will increase, according to a new report from Lloyd's and a U.K. think tank that urges businesses to rethink their approach to energy.

By Caroline McDonald | Updated on June 10, 2010

NU Online News Service, June 11, 2:40 p.m. EDT

U.K. think tank that urges businesses to rethink their approach to energy.

The report, “Sustainable Energy Security: Strategic Risks and Opportunities for Business,” by Lloyd’s 360 Risk Insight and U.K. think tank Chatham House found that reliance on fossil fuels is pushing the search for reserves into more difficult and risky territories.

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