Fossil fuel stocks lost $123 bn in decade2 min read 31 Mar 2021, 05:45 AM IST
The trend was in stark contrast to gains made in renewable energy initial public offerings (IPOs), according to the analysis by industry think tank Carbon Tracker
Share offerings in fossil fuel producing and related companies lost $123 billion in the last decade, underperforming a baseline world equities index by 52%, according to analysis released Wednesday.
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