The unexpected $18 billion collapse into bankruptcy of Peabody Energy in 2016 and more recently the $150 billion collapse in value of General Electric shows the magnitude of capital destruction for investors who continue to ignore the energy system transformation. The ongoing financial distress at Wiggins Island Coal Export Terminal (WICET) in Queensland for most of this decade has bankrupted four Australian coal mining firms and cost banks and investors billions. "With the energy transition to cheaper technologies gathering pace, the likelihood of investors having to wear billions of dollars in additional stranded assets is impossible to ignore," said Buckley.