Study: Oil and gas tanker firms could lose $214bn in profits if global climate goals are met

clock • 3 min read
Credit: iStock
Image:

Credit: iStock

Researchers estimate global oil and gas tanker fleet could see a third of its profits eradicated by 2050 if fossil fuel demand declines in line with limiting temperature increases to 1.5C

Oil and gas tanker companies could see a third of their profits wiped out if global fossil fuel consumption falls in line with meeting mid-century climate targets, potentially costing them around $214bn....

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