There's a fantastic report from UK that studies what would happen to oil companies if demand decreases at the rate needed to hit 2 and 3 degrees warming. In ge

There's a fantastic report from UK that studies what would happen to oil companies if demand decreases at the rate needed to hit 2 and 3 degrees warming. In general, it see oil prices falling and sovereign oil selling the most since they can undercut competition for a diminishing pie (basically a fire sale). The private oil companies get super screwed, with something like 80%+ stranded assets. https://en.wikipedia.org/wiki/Carbon_bubble https://en.wikipedia.org/wiki/Carbon_bubble