NO.PZ2022120703000080
问题如下:
A coal-fired utility has no climate change adaptation strategy. Which of the following parties would be most severely impacted by a transition to a low-carbon economy?
选项:
A.Creditors
B.Bondholders
C.Equity shareholders
解释:
C is correct because "carbon-intensive companies like coal-powered utilities without an adaptation strategy will be at risk in the transition to a low-carbon economy. In such a scenario, equity shareholders (who are subordinate to creditors and bondholders in the capital structure) will be disproportionately impacted."
A is incorrect because "carbon-intensive companies like coal-powered utilities without an adaptation strategy will be at risk in the transition to a low-carbon economy. In such a scenario, equity shareholders (who are subordinate to creditors and bondholders in the capital structure) will be disproportionately impacted."
B is incorrect because "carbon-intensive companies like coal-powered utilities without an adaptation strategy will be at risk in the transition to a low-carbon economy. In such a scenario, equity shareholders (who are subordinate to creditors and bondholders in the capital structure) will be disproportionately impacted."
why equiy?