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Transcripts for BBCNEWS The Context 20240604 19:42:00

not, if the ev industry takes off as we are seeing it take off? t not, if the ev industry takes off as we are seeing it take off?- we are seeing it take off? i think there is two we are seeing it take off? i think there is two important we are seeing it take off? i think there is two important points, i there is two important points, there s the existing production assets these companies have, but the future revenues from these assets may reduce due to volume impact, but also price impact, and what that does is brings the value of those assets on the books and it may need to be impaired as a result of this. it s really important that companies disclose that information in a transparent way to investors, and the financial system as a whole analyses that to adequately price risk of the future. additionally if companies are seeking to invest new production assets predicated on returns over decades to come, those assets run the risk of becoming stranded, adding to the climate problem b

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