Fossil downgrades

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dealmaker

Fossil downgrades

S&P has warned the likes of Shell, Chevron, Exxon Mobil and Total that they face imminent downgrades because of the challenge posed to their businesses by renewables. The rating agency has increased its risk rating for the whole oil and gas sector from "intermediate" to "moderately high." Guardian
 
Interesting...

You would think that those companies would have started the pivot to renewable energy. There are a few examples that would justify them in doing so (e.g., Blockbuster and Kodak to name a few).
 
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