Shell,BP and five other grand oil firms could raise market value by $140bn if they aim for schemes with a goal of keeping global warming to 2C, report suggestsShell, and BP and five other top oil companies could raise their collective stock market value by up to $140bn (£97bn) if they set new strategies based on ensuring global warming is held to a 2C (4F) rise above pre-industrial levels,a new report claims on Thursday.
These main energy companies including Exxon Mobil should ditch high-cost projects in deep water and Canadian tar sands to concentrate on cheaper schemes that get money at low crude prices, says the report, or Sense and Sensitivity,by the Carbon Tracker Initiative.
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Source: theguardian.com