“The enaction of climate policies over the next decade will lead to lost profits of at least $1.4 trillion in the global oil and gas industry, finds a peer-reviewed analysis published in Nature Climate Change, much of which will impact private investors in Western Europe, while generating financial volatility larger in scale to the 2008 subprime mortgage crisis.”

[COMMENTARY]After the EU agreed to include gas and nuclear power in their new ‘green’ taxonomy and Germany restarting coal-powered electricity generation, I wonder exactly when the big hit to fossil fuel assets will take place?
The End of the ‘Technological Era’ of Oil, Gas & Coal, by Nafeez Ahmed, July 11, 2022, Byline Times, UK.