Seven Top Oil Firms Downgrade Assets by $87 Billion in 9 Months

Source: Inside Climate News

The Guardian

The world’s largest listed oil companies have wiped almost $90 billion from the value of their oil and gas assets in the last nine months as the coronavirus pandemic accelerates a global shift away from fossil fuels, The Guardian reports. Seven major oil firms, including Royal Dutch Shell, BP, Total and Chevron, have reported downgrades totaling $87 billion on the value of their assets.

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