New study maps financial ownership of over $1 trillion of the fossil fuel industry’s projected ‘stranded asset’ loss
“Driven by technological, societal and political change, renewable energy technologies are progressively replacing fossil fuels. Under an expectation that governments will fulfill their net-zero emissions pledges, these changes will accelerate, with the consequence that current oil and gas assets may be overvalued by more than $1 trillion, a figure that exceeds the subprime housing … [Read more…]