• FT Lex writer Alan Livsey discusses his estimate of $900bn in “stranded assets” from the shift towards cleaner energy – defined as investment that are no longer able to earn an economic return such as oil, natural gas or coal assets in the ground (i.e a white elephant) perhaps due to a carbon tax or emissions trading scheme.
• Energy companies remain committed to further production even as they diversify to renewables, but the way they treat energy reserves has changed as the long-term risks to oil and gas means reserves not as important as in the past.
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