Stranded fossil fuel assets could cost investors and retirement funds $2 trillion | RenewEconomy

“We calculate that global stranded assets as present value of future lost profits in the upstream oil and gas sector exceed US$1 trillion under plausible changes in expectations about the effects of climate policy,” says the research paper, published in the journal Nature Climate Change.

“Most of the market risk falls on private investors, overwhelmingly in OECD countries, including substantial exposure through pension funds and financial markets.”

Stranded fossil fuel assets could cost investors and retirement funds $2 trillion | RenewEconomy