LONDON - Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a report.
Any abrupt policy shifts risk severely disrupting current investment strategies, U.N.-backed Principles of Responsible Investing , a group representing investors with $86 trillion of assets under management, said in a report. Coal firms could lose as much as 44% in value, while the world's top oil and gas companies risk losing up to 31% of their current market share, according the report which forecasts oil demand peaking around 2027.