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Oh yes, stranded assets are a real threat to incumbent energy companies (the term in the energy industry is called the "Carbon Bubble")[1]. Luckily, Wall Street
by diafygi 8y ago
Oh yes, stranded assets are a real threat to incumbent energy companies (the term in the energy industry is called the "Carbon Bubble")[1]. Luckily, Wall Street is starting to generally favor financing new renewable over new fossil fuel sources (since stranded assets are a much greater risk for fossil assets), and in a fight between Big Banks and Big Oil, Big Banks win every time.
[1]: https://en.wikipedia.org/wiki/Carbon_bubble https://en.wikipedia.org/wiki/Carbon_bubble