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The Guardian - UK
The Guardian - UK
Environment
Isabella Kaminski

Big polluters’ share prices fall after climate lawsuits, study finds

Lawsuit Shell United States British Petroleum
Rozenburg refinery in Rotterdam, Netherlands.
The study found stock markets responded most strongly in the days after cases against carbon majors, which include the world’s largest energy, utility and materials firms. Photograph: Dean Mouhtaropoulos/Getty Images

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.

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