Will Lockett, on the IEA’s analysis:
"...the current valuation of private oil and gas companies could fall by 25% from $6 trillion today if all national energy and climate goals are reached, and by up to 60% if the world gets on track to limit global warming to 1.5 °C."
Translated to dollars: valuation of oil companies will drop by $1.5–$3.6 trillion.
So the industry is "investing in scapegoats, like carbon offsets," and meanwhile expecting to be bailed out.




