Daily Climate: Oil and gas multinationals could lose up to 60 percent of their market value if the world cuts its carbon emissions to limit climate change, according to the world’s second-largest bank.
This is the first time the financial sector has been warned by one of its own that shares could plummet.
This is the first time the financial sector has been warned by one of its own that shares could plummet if the necessary action is taken to prevent disaster.
The study, Oil and Carbon Revisited: Value…

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