An article by The Week.
The world’s fossil fuel companies may currently be valued at twice their actual worth.
How much are fossil fuels worth?
The largest 200 of the world’s oil, coal and gas companies are currently valued at around $4trn. Between them they’ve another $1.5trn of debt borrowed against the resources they’ve yet to extract. Last year they spent almost $700bn extracting fossil fuels from the ground – and made hundred of billions of profit in doing so …