"Some argue that rapidly scaling back #FossilFuel production would leave billions of pounds of “stranded assets”, [and] would impoverish the public through a fall in the value of #savings and #PensionFunds.
The study found that in high-income countries two-thirds of the financial losses would be borne by the most affluent 10%.
Just 3.5% of financial losses from #StrandedAssets would affect the poorest half of Americans & could easily be compensated for by government."
https://www.theguardian.com/environment/2023/jun/22/fossil-fuel-assets-loss-study

