Dirty Big Secret Financial performance of fossil fuel companies
The Australia Institute
Released 02 July 2020
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.