Oil companies wipe $87bn off the value of their fossil fuel assets in nine months

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Oil companies wipe $87bn off the value of their fossil fuel assets in nine months
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With oil prices expected to stay low, big producers are grappling with lower profits and the prospect of a quicker transition to renewable energy

  • đź“° The Independent
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Royal Dutch Shell, BP, Total, Chevron, Repsol, Eni and Equinor have written down their oil and gas assets by $87bn over the past nine months, with $55bn coming in the latest financial quarter, analysis by climate think tank Carbon Tracker found.

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The Independent /  🏆 80. in ZA
 

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