In the second instalment of our series on the ‘carbon bubble’, Gas Strategies considers the industry’s response to its potential existential crisis. Nervous investors are starting to ask whether the fossil fuel industry is wildly overvalued, while Citigroup and the Carbon Tracker Initiative have separately warned that it could be at risk of trillions of dollars in write-downs over the next 35 years. With the COP21 climate conference now closed, Gas Strategies asks whether the industry is facing a curtailment of investment.
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