Finance

Stranded Assets Are Now Everywhere

Photographer: SeongJoon Cho/Bloomberg
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Stranded assets used to be a niche idea. The concept that fossil fuel infrastructure wouldn’t be used is one that’s been championed over the last decade by the U.K.’s Carbon Tracker think tank. These days, financial regulators have joined in. That prophecy has certainly been on display in the oil and gas sector over the past few weeks. And everywhere else.