Climate risk for the fossil fuel industry

What is it about?

This paper sorts through the various types of risk facing the fossil fuel industry as governments, companies and individuals take action to reduce their carbon emissions. The risks range from government policies and legislation, financial restrictions among lenders and insurers, hostile legal and shareholder actions, changes in demand and geopolitics, as well as the onset of new competitive forces among states and technologies.

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Why is it important?

The fossil fuel industry is one of the largest commercial sectors globally, and its operations touch every human on earth in some way. Risks to the industry should be of great interest to nearly everyone, but in particular government and country planners, investors and those in the fossil fuel sector itself.