Could fossil fuels and Big Oil actually become ‘worthless’ within the next few decades, and what would this mean for the global economy? New research suggests as many as half of the world’s fossil fuel assets could become worthless by 2036 if the green energy transition goes ahead at the pace projected coming out of COP26.
If these assets lose all value, we could be facing a crash the likes of which we have not seen since the 2008 financial crisis. However, earlier adopters of renewable infrastructure and technology…Will Oil Ever Become Truly Worthless?
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