Is The IEA Report A Tipping Point For Oil Investing?

The eventual death of oil and thermal coal won't come from environmentalists or even directly from renewable energy--it will come when big banks decide to stop financing it, rendering it 'unbankable'.  Two years ago, one of the biggest financiers of fossil fuels, Goldman Sachs (NYSE:GS), made history after becoming the first big U.S. bank to rule out financing new oil exploration or drilling in the Arctic, as well as new thermal coal mines anywhere in the world. GS' environmental policy declared climate change as one of the "most significant…