The demise of the fossil fuel industry will affect everyone and will have impacts worldwide. The industry had revenues of approximately of $7 trillion If it was a country, it would be the third largest country in the world exceeded only by the United States and China. Or it is larger than the economies of Germany and Italy combined. In May 2024, institutional investors held $4.3 trillion in bonds and shares of fossil fuel companies, because the industry had record profits. But everyone who has a pension or is invested in a mutual fund will be affected when these profits disappear.