Energy giants face €114bn 'debt trap' if climate action delayed

OXFORD, England- A new study by Oxford University on Thursday revealed the enormous challenge facing power companies in the European Union (EU) if they delay taking climate action.

Using company data from 29 of the largest energy suppliers in Europe and the United Kingdom (UK), the researchers, led by Conor Hickey, estimated that their potential total loss of investments amounts to €114 billion.

 

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