Fossil fuel companies face £1.5 trillion carbon bubble

The advance in clean technologies and need for stricter carbon budgets are leaving oil, gas and coal companies facing a carbon bubble worth £1.5trn

by Conor McGlone
The coal sector’s planned capital expenditure of $219bn is unneeded, according to Carbon Tracker. Photograph: Sergey Milovido/123RF
The coal sector’s planned capital expenditure of $219bn is unneeded, according to Carbon Tracker. Photograph: Sergey Milovido/123RF

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