Overinvestment in oil and gas creates risks for investors, regardless of whether the world is effective in tackling climate change. Either investors face assets being stranded as demand for fossil fuels falls in a transition to a low carbon economy, or the overinvestment contributes to excess emissions from fossil fuels, the failure to transition and the financial costs of a dramatically changed climate.

This report entitled "Overexposed How the IPCC'S 1.5°C Report Demonstrates the Risks of Overinvestment in Oil and Gas" assesses what the Intergovernmental Panel on Climate Change (IPCC)’s landmark report on 1.5°C means for the future of investment in the upstream oil and gas industry. By comparing data from the IPCC’s climate models with forecasts from industry analysts Rystad Energy, this report demonstrates the degree to which future production and capital expenditure (capex) is incompatible with limiting warming to 1.5°C.

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Further information and the report can be found here.