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Climate change, Companies, Oil and Gas / 03.11.2020

Climate change action is escalating the risk of stranded assets for oil and gas companies

Coal mines, oilfields and gas reserves are increasingly losing their value as tighter regulations aimed at tackling climate change already are and will continue to be put in place. Due to this, oil and gas companies are expected to write-off at least half of the...

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Climate change, Companies, Deforestation, Oil and Gas / 15.08.2020

Investors demand corporate financial statements to incorporate climate change risks

Investors fear that firms’ financial statements do not represent the real long-term outlook for many businesses as only a minority of them accurately incorporate climate change risks. The oil and gas company BP has cut $17.5 billion off the value of its assets, reflecting the material...

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