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'Fundamental change': How write downs and bankruptcies are fuelling stranded asset fears

Has the Covid-19 crisis accelerated the shift away from fossil fuels?

James S Murray
@James_BG
03 July 2020

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Shell and BP are writing down assets while a raft of US fracking firms are entering bankruptcy protection – change is coming to the fossil fuel industry faster than anyone expected

The stranded asset hypothesis just got real. In the past month, first BP and now this week Shell have announced plans for multi-billion pound write downs on some of their fossil fuel assets; the former...