China, US climate deal delivers $4.5 trillion blow to Big Oil, coal

Citigroup says China-US climate deal will slash $4.5 trillion from revenues of coal, oil industries. It also downplays CCS, warns thermal coal in decline, suggests energy poverty will be solved with "anything but coal", and says carbon price in Australia is inevitable.

via Renew Economy http://ift.tt/11RIYca

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