The total potential CO2 emissions from the total reserves of the world’s 200 largest publicly traded coal, oil, and gas reserve-owning companies now sits at over 460% of their carbon budget.
This is the primary conclusion from the third annual report from the Fossil Fuel Index, or FFI, a provider of financial research and products for investors looking for information on how to understand, measure, and act on climate risks. The report analyzes the previous year’s changes to what is known as The Carbon Underground 200TM (CU200), FFI’s list of the top publicly traded coal, oil, and gas-reserve-owning companies, ranked by their potential carbon emissions.
For investors, this continued over supply leaves open the possibility of stranded assets as investors seek to evaluate their portfolios.
Read the full story here: Clean Technica