Fossil industries wastes $ 2.2 million investments

carbon, greenhouse gas, fossil, industry, assets, loss, investor, coal, oil, gas, carbon, climate change, circular infra, energy, green power, 2 degrees

The United States is the greatest risk, CarbonTracker states, with a cost of $ 412 billion in stranded assets “unnecessary fossil projects in 2025.
Second in risk is Canada (220 billion). Than China (179 million), Russia (147 billion ) and Australia (US $ 103 billion).

The next decade fossil energy companies will lose possibly $ 2.2 trillion in investments, according CarbonTracker in a recent report.

The money will be lost in a low carbon future.

Global action on climate change and renewable energy investments will ensure the waste for fossil energy companies. Research was done at the current and future projects from oil, gas and coal companies until 2025. It concluded which projects would stop because of political actions to reduce greenhouse gas emissions to below two degrees global warming.

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