The Stranded Asset Parade Is Starting – Below 2C: Analysts fully expect that more and more big fossil companies will  declare “impairments” in their production and exploration assets in the not-too-distant future. BP and Shell downgraded the value of their combined assets by as much as US$39.5 billion in recent weeks.

The fossil fuel sector is starting to recognize that the world is pivoting to low-carbon energy making the risk of stranded assets an inescapable reality. The world cannot develop new resources of fossils and still meet the Paris Agreement target of net zero carbon emissions by 2100.

The Stranded Asset Parade Is Starting – Below 2C: Analysts fully expect that more and more big fossil companies will  declare “impairments” in their production and exploration assets in the not-too-distant future. BP and Shell downgraded the value of their combined assets by as much as US$39.5 billion in recent weeks.The fossil fuel sector is starting to recognize that the world is pivoting to low-carbon energy making the risk of stranded assets an inescapable reality. The world cannot develop new resources of fossils and still meet the Paris Agreement target of net zero carbon emissions by 2100.Read More