Dirty Big Secret: Financial performance of fossil fuel companies

Tom Swann

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Media Release Dirty Secret: Fossil Fuels Worst Performing Sector in the Stockmarket

Full report P855-Fossil-Fuel-Shares-Report-WEB_0

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Branches

  • Climate & Energy
  • Economics
  • Environment

    • Tags

  • Banking & Finance
  • Fossil Fuel Mining

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    Fossil fuels were the worst performing sector in the ASX 300 over the last decade. $100 invested in the fossil fuel dominated S&P ASX 300 Energy index in 2010 was worth just $104 by January 2020, dropping to $51 with COVID. $100 in the wider market peaked at $237, falling to $169 with COVID. Excluding fossil fuels from a portfolio of the ASX 300 would have increased returns by 8.6% over the decade.

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