HSBC: Oil majors at risk from 'unburnable' reserves

HSBC study finds meeting international climate goals could strip 60 per cent of the value from companies such as BP, Shell, and Statoil

Oil and gas majors, including, BP, Shell, and Statoil, could face a loss in market value of up to 60 per cent should the international community stick to its agreed emission reduction targets, analysts...

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