Insight and inspiration in turbulent times.
•Investors demand fossil fuel giants assess climate risks •Investors warn moves to curb climate change will hit fuel demand •Stranded assets and the fossil fuel divestment campaign: what does divestment mean for the valuation of fossil fuel assets?
If Britain is broke at the moment, then – looking at this longer series – it was also broke for a whole century between 1750 and 1850, and for 20 years after the Second World War. In reality, in neither case did the UK default, and reveal itself as bust – both periods were times of investment and national renewal. Today, our national debt is significantly lower than Japan’s (about 200% of GDP), and comparable to Germany’s (83%) and the US (80%). By international or historical standards, the national debt is not high.
