There is something sordid taking place out there. Over the past few weeks, shareholders – that is, investors, asset management firms, banks and pension funds – blocked proposals to accelerate carbon emission reductions at oil & gas producers including BP, Chevron, ConocoPhillips, ExxonMobil, Occidental Petroleum, Shell and TotalEnergies. But, wait: aren’t we in a climate emergency with clarion calls by the IPCC and the IEA to have zero new oil, gas and coal developments anywhere in order for the world to have a chance to reach net zero by 2050? The Angry Clean Energy Guy on why a far harsher light should be shone on what institutional investors are actually doing, rather than wasting time listening to their rivers of words about climate “action”, “responsible” investing and ESG “policies”.
Assaad W Razzouk
There is so much to be angry about, if you are a clean energy guy.
Every day, so many things that happen around the world make me angry when I look at them with lenses colored by the climate change chaos unfolding everywhere around us. And I am especially angry because I know we can solve the climate change crisis if we were only trying.
Each week, I will share with you a few topics that struck me and that I was very angry about – and this will generally have to do with climate change, solar or wind power, plastic pollution, environmental degradation, wildlife, the oceans and other related topics.