Energy Companies Risk $2.2 Trillion as Climate Goals Cut Demand

  • Oil use will peak in 2020, Carbon Tracker Initiative says
  • U.S. faces biggest risk from stranded energy projects

Power Struggle: How the Energy Market Could Shift in 2016

Oil, natural gas and coal producers are risking $2.2 trillion by investing in projects for which there will be no demand if the world meets a United Nations target of limiting the rise in temperature to less than 2 degrees Celsius, a non-profit think tank said.

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