Fossil fuel investments risk billions in ‘implicit subsidies’

Researchers at Cambridge University have quantified the risk to investors which individual fossil fuel companies pose through their climate impacts

Investment in individual fossil fuel companies poses hundreds of billions of pounds worth of risk a year, according to researchers at the University of Cambridge's Judge Business School.

In a research paper, published on 23 July, researchers calculated the “hidden” costs of carbon for the world's 20 largest fossil fuel firms.

They estimate this was more than $800bn (£515bn) in 2012.

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