Fossil Fuel Carrying Ships Risk A Substantial 30% Of Profits And Capital Value Being Wiped Out Amid The Global Shift Towards Decarbonisation

According to a pioneering analysis by the University College London (UCL) Energy Institute and Kühne Climate Center, ships that carry oil and gas face significant challenges if the decline in global fossil fuel consumption matches the goal of limiting global warming to 1.5°C by 2050. Results indicate that a significant portion of the world’s oil …

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