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Big oil wrote down some $150 billion during the 2020 oil price crash, and forecasters now think that this could’ve just been the beginning of major asset depreciation in oil & gas
The investment case for coal-fired power is looking increasingly unconvincing, but more plants will need to be cancelled if the world is to avoid runaway climate change, a report published on Monday said.The report which was co-authored by green groups CoalSwarm and the Sierra Club, is the latest salvo being fired against those who finance coal, the fossil fuel blamed most for
finance from richer governments to help poorer countries, but also the need to entice corporate investment on a huge scale. mark carney is boris johnson s finance adviser for the conference and he s been speaking to the bbc s christian fraser. there have been so many projects pursued by paris that makes sense in a 1.5 degrees world. those other stranded assets that are building up. was going to ask you, the world already has too many proven reserves of oil and gas. the stranded assets to talk about, where did these appear on the balance sheet? balance sheet? well, 0k, at this stage. balance sheet? well, 0k, at this stage, in balance sheet? well, 0k, at this stage, in most - balance sheet? well, 0k, at this stage, in most cases - balance sheet? well, 0k, at this stage, in most cases it. this stage, in most cases it does not. that climate disclosure we talked about earlier, one of the requirements has to do with the scenario that is a 1.5 degrees