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Stranded Oil and Gas Assets Could Reach $2.3 Trillion by 2040 ...Middle East
The decarbonization push could result in $2.3 trillion worth of stranded oil and gas assets by 2040, a sustainable finance outlet from the UK has warned in a report. According to the UK Sustainable Investment and Finance Association, the UK has a disproportionately large exposure to this risk, with a potential $141 billion in losses on the line, should the net-zero transition succeed. “Based on current green transition policies, mid-term action plans to cut emissions, and long-term net zero targets, the report finds that global economic exposure…
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