12 February 2020
Carbon Tracker, a financial thinktank, have recently released their report titled ‘Handbrake Turn: The cost of failing to anticipate an Inevitable Policy Response to climate change’, warning that climate policy changes could have an abrupt impact on the global oil industry by derailing fossil fuel demand. The report modelled the impact of a swift government crackdown on fossil fuels from 2024, predicting that the impact could cause the global oil price to collapse, significantly reducing the value of fossil fuel investments.