Half world’s fossil fuel assets could become worthless by 2036 in net zero transition

This Guardian article (11/4/2021) cited a Nature Energy research publication saying, “In a worst-case scenario, people will keep investing in fossil fuels until suddenly the demand they expected does not materialise and they realise that what they own is worthless. Then we could see a financial crisis on the scale of 2008,” he said, warning oil capitals such as Houston could suffer the same fate as Detroit after the decline of the US car industry unless the transition is carefully managed.” The Divest Oregon coalition has sent this article on to Treasurer Tobias Read and the Oregon Investment Council reminding them that the risk of stranded assets is an issue within their fiduciary mandate to consider NOW!