Stranded Oil and Gas Assets Could Reach $2.3 Trillion by 2040

New analysis predicts that $2.3 trillion worth of assets could be 'stranded' by 2035 — here's what that means

Fossil fuel assets could be losing trillions of dollars in value thanks to increased use of alternative energy sources, climate-friendly policies, and sustainable tech advancements.  The rising interest in planet-friendly technology and practices, such as electric vehicles, recycled materials, and solar and wind power, is slowly leading to a future with a low-carbon economy. This is great for the environment, but it could have serious financial …

Stranded energy assets put UK on course for $141bn loss, says study

The future global economic exposure to fossil fuel assets that could become stranded by the energy transition has doubled in the past five years from $1.4 trillion to $2.28 trillion by 2040.

Stranded Oil and Gas Assets Could Reach $2.3 Trillion by 2040

The decarbonization push could result in $2.3 trillion worth of stranded oil and gas assets by 2040, a sustainable finance outlet from the UK has warned in a report. According to the UK Sustainable Investment and Finance Association, the UK has a disproportionately large exposure to this risk, with a potential $141 billion in losses on the line, should the net-zero transition succeed. “Based on current green transition policies, mid-term action …

UK Economy Heading for $141 Billion Loss Caused by Stranded Fossil Fuel Assets, With Pension Funds on Track to Lose $19 Billion

The UK economy is disproportionately exposed to stranded fossil fuel assets, with potential losses for UK pension savers reaching tens of billions of pounds by 2040, according to a new report from the UK Sustainable Investment and Finance Association (UKSIF) in collaboration with Transition Risk Exeter (TREX). Their analysis traces the complex web of financial ownership of fossil fuel assets and tracks the exposure of end beneficiaries – such as…

How to combat CUI in O&G operations

CUI poses a persistent challenge for O&G operators. According to industry reports, corrosion costs the global economy an estimated $2.2 trillion annually.