BP downplays 'overstated' carbon bubble risk

Will Nichols
clock

Oil major says claims fossil fuel assets could be hugely overvalued if the world successfully tackles climate change are wide of the mark

Oil giant BP has downplayed the risk posed by a so-called 'carbon bubble', saying the theory "oversimplifies" the risks associated with a transition to a low carbon economy and "overestimates" its financial...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

Study: 'Inseparable' social and environmental risks are leaving financial portfolios exposed

Study: 'Inseparable' social and environmental risks are leaving financial portfolios exposed

New study explores how climate-related supply chain risks can quickly become bigger credit, insurance, and operational challenges

Stuart Stone
clock 11 March 2026 • 4 min read
 Study: Nature risks threaten to drive up borrowing costs

Study: Nature risks threaten to drive up borrowing costs

New LSE study warns nature degradation is leading to 'significant impacts' on borrowing costs for governments

clock 06 March 2026 • 2 min read
The strikes on Iran show why quitting oil is more important than ever

The strikes on Iran show why quitting oil is more important than ever

The latest conflict in the Middle East further underscores how clean technologies can offer greater resilience in the face of volatile fossil fuel markets

Hussein Dia, Swinburne University of Technology - The Conversation
clock 03 March 2026 • 5 min read