Fossil Fuel industry will lose 2/3 of its expected future profit
dimanche 7 juin 2020 à 02:00A study suggests that the fossil fuel industry will lose 2/3 of its expected future profit due to reduced use due to the effects of Covid-19.
The direct effects of this will be a financial disaster, but it could avert the physical disaster coming from global heating. We can deal with a financial disaster much more easily that the effects of climate mayhem.
It follows that everyone investing in fossil fuels is a chump.
The European Central Bank pissed away 7 billion euros on this. The bank should consult a eurologist and stop.