Half a trillion dollars in gas capex must go – report

By Annemarie Botzki 26 November 2015
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Many fossil fuel projects may be cancelled if the world is to keep within its 2C warming limit. (SXC) Many fossil fuel projects may be cancelled if the world is to keep within its 2C warming limit. (SXC)

Nearly half a trillion dollars’ worth of gas projects will be surplus to requirements if the global temperature rise is to be limited to 2C above pre-industrial levels, a new report by a London-based thinktank has found.

The study, released on Wednesday by the Carbon Tracker Initiative, highlights the risk of fossil fuel assets becoming stranded, largely thanks to their carbon output.

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