Carbon Tracker: Oil and gas giants take $87bn hit on assets in nine months

Cecilia Keating
Global oil demand fell to a 25-year low in April 2020

Global oil demand fell to a 25-year low in April 2020

BP, Shell and Total have all written down value of their assets by billions in the second quarter of 2020, but Exxon, Equinor and ConocoPhillips failed to report any significant material impairments

Fossil fuel majors have slashed the value of their oil and gas assets by $87bn in recent months as the coronavirus pandemic has decimated demand for oil and accelerated the pace of the clean energy transition,...

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