Invested in Oil and Gas? Your Assets Could Be At Risk

Published on
December 8th, 2021
Duration
26 minutes


Invested in Oil and Gas? Your Assets Could Be At Risk

The Interview ·
Featuring Mike Coffin and Maggie Lake

Published on: December 8th, 2021 • Duration: 26 minutes

If you've invested in oil and gas, a global shift towards renewables has potential to endanger $1 trillion in assets. Despite currently soaring oil prices, long-term trends away from fossil fuels threaten to wipe out around $1 trillion USD in the next decade for oil and gas producers, as Mike Coffin of Carbon Tracker warns. As the costs of wind and solar power rapidly fall and countries commit toward a net-zero carbon world, companies that fail to commit capital to the transition could be in danger of having their assets devalued. “This isn’t some ESG thing,” says Coffin. “This is a core financial risk.” Interviewed by Maggie Lake on December 2, 2021.