'Out-of-control financial collapse': Fossil fuel market crash could cost UK £674bn

clock • 4 min read
'Out-of-control financial collapse': Fossil fuel market crash could cost UK £674bn

Campaign group One for One warn fossil fuels should be viewed as the highest risk class of assets and urges government to tighten financial regulations to avert risk of a financial crash

A market crash driven by the overvaluation of fossil fuel assets could cost the UK £674bn and cause up to half a million job losses unless drastic financial safeguarding measures are adopted, a new report...

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 Investment

Energy efficiency fund SDCL set for wind-down after investors demand return of capital

Energy efficiency fund SDCL set for wind-down after investors demand return of capital

SDCL Efficiency (SEIT) said 'increasingly challenging' landscape meant it could 'no longer deliver returns that are acceptable to shareholders in its current structure'

Linus Uhlig, Investment Week
clock 10 April 2026 • 2 min read
Unilever strikes deal to acquire plant-based supplement maker Grüns

Unilever strikes deal to acquire plant-based supplement maker Grüns

Consumer goods giant to add one of the the largest 'greens' brands in the US to its portfolio as part of strategy to seek out 'premium and high growth' markets

Stuart Stone
clock 10 April 2026 • 2 min read
Pension fund LAPFF backs BP shareholder resolution amid climate risk concerns

Pension fund LAPFF backs BP shareholder resolution amid climate risk concerns

Local Authority Pension Fund Forum representing combined assets of £425bn also calls on members to vote against BP's chair amid 'serious governance concerns'

Jonathan Stapleton
clock 10 April 2026 • 3 min read