Oil and gas companies ‘risk losing $2tn’

The world’s biggest oil and gas companies risk losing $2.2tn (£1.5tn) by overestimating future demand for fossil fuels, a report suggests.

By underestimating both legislation to cut the use of dirty fuels and the development of clean energy, these firms are investing in assets that may prove worthless, says Carbon Tracker.

Shell, Exxon Mobil and BP are among those most a risk, it says.

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