Saturday, February 9, 2013

If nations stick to climate targets, oil and gas companies will lose 60% of market value

HSBC: Oil majors at risk from 'unburnable' reserves - 29 Jan 2013 - News from BusinessGreen: "Oil and gas majors, including, BP, Shell, and Statoil, could face a loss in market value of up to 60 per cent should the international community stick to its agreed emission reduction targets, analysts at HSBC have warned."

'via Blog this'