Big polluters’ share prices fall after climate lawsuits, study finds
by Isabella Kaminski from Environment | The Guardian on (#6BV5X)
Exclusive: Fossil fuel companies register drop in value after litigation or unfavourable judgments
Climate litigation poses a financial risk to fossil fuel companies because it lowers the share price of big polluters, research has found.
A study to be published on Tuesday by LSE's Grantham Research Institute examines how the stock market reacts to news that a fresh climate lawsuit has been filed or a corporation has lost its case.
Continue reading...