Kerry Warns of Stranded Asset Risk From Natural Gas Buildout

Jan. 27, 2021, 6:47 PM

U.S. climate envoy John Kerry warned that continuing to build out natural gas infrastructure runs the risk of creating stranded assets in future, which could be worthless under the switch to a low carbon economy.

“If we build out a huge infrastructure for gas now and continue to use it as the bridge fuel, we haven’t really exhausted the other possibilities, we’re gonna be stuck with stranded assets in 10 or 20 or 30 years,” Kerry told a virtual meeting of the World Economic Forum. “Gas is primarily methane and we have a huge methane problem, folks.”

Click here to ...

To read the full article log in.

Learn more about a Bloomberg Law subscription