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Yes the present value of these assets 20 to 30 years in the future at fossil fuel industry capital cost is not that high. Given how cheap long term interest rat
by danieltillett 11y ago
Yes the present value of these assets 20 to 30 years in the future at fossil fuel industry capital cost is not that high. Given how cheap long term interest rates are right now, just issue a bunch of long dated zero coupon bonds and buy options to scrap all the fossil fuel assets in 30 years time from the current owners.