“Why oil firms should worry more about climate change”: too-high oil price assumed, assets overvalued

So The Economist argues, using a chart showing oil price based on assumptions of 8 European oil majors in a recent Bank Sarasin report, versus Paris-congruent price estimates.

This is the updated version of the argument that Carbon Tracker has been making for some years, in reports available here and summarised in my presentation to oil investors in February: “The oil industry and the global energy transition”, viewable here.

Image: from article

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