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Vox: Fossil fuel companies impose more in climate costs than they make in profits


A new framework outlined in a research paper co-authored by Chris Hope, Reader in Policy Modelling at University of Cambridge Judge Business School, provides investors with an insight into measuring the company-by-company “hidden” risk in investing in fossil fuel companies. “Fossil-fuel companies enjoy an “implicit subsidy” that totalled US$800 billion in 2011, a figure that could pose an investment risk should it be impacted by regulations that eliminate or reduce it,” concludes the paper.

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