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Fossil fuel firms risk wasting $2 trillion on uneconomic projects


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Fossil fuel firms risk wasting $2 trillion on uneconomic projects

LONDON / NEW YORK - Fossil fuel companies risk wasting up to $2.2 trillion in the next decade, threatening substantially lower investor returns, by pursuing projects that could be uneconomic in the face of a perfect storm of factors including international action to limit climate change to 2˚C and rapid advances in clean technologies, think tank the Carbon Tracker Initiative warns today.

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