Sentences with phrase «fossil fuel assets worth»
The United Church of Canada voted to sell off fossil fuel assets worth $ 5.9 million and instead pump funds into renewable energy co-operatives in a landmark decision on Aug. 11.
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When it does, more than $ 20 trillion worth of fossil fuel reserves will become stranded assets and the companies» value will plummet.
As the transition to zero - carbon accelerates, many fossil - fueled power stations will have to be closed before they reach the end of their natural life, the IEA says, causing lost earnings and creating «stranded assets» that are worth less than expected by investors.
It is worth a great deal of money to fossil fuels companies for people to keep investing in long - term assets that need fossil fuels.
He endorsed research by Carbon Tracker showing that US$ 2 trillion worth of fossil fuel assets are unburnable as governments aim to hold global warming to 2C.
As of December of 2016, investment funds worth more than $ 5 trillion have now committed to divesting their fossil fuel assets.