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Putting a Price on the Risk of Climate Change
With faster action to address climate change, fewer companies would invest in what would become stranded assets.
30 May 2019, 06:25 PM IST
(Bloomberg Businessweek) -- The top 10 energy companies are planning investments approaching $1 trillion by 2030, in everything from finding and tapping new fields to equipment ranging from drones to drilling rigs. If the oil and gas business rolls along as it has for the past century, those projects will likely pay off in fat profits for shareholders. But some analysts and investors warn that the value of much of that infrastructure...
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