European oil stocks suffered a € 360 billion blow as renewables soar – Financial Times

European oil stocks suffered a € 360 billion blow as renewables soar – Financial Times

Major European oil and gas companies have lost more than € 360 billion in market value this year, while renewable energy stocks and tech companies focused on cleaner fuels have increased. The performance chasm between the two groups shows how investors are betting on a transition away from fossil fuels, as oil majors such as […]

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