The reason why oil is $86.50 per barrel today is traditional non-ESG investors saying to the oil sector, ‘you guys stink, you didn’t generate any profits over the last five years’.”
That’s a cracking quote from last night’s high-energy podcast with Arjun Murti, energy equities analyst and author of the excellent Super-Spiked newsletter.
Arjun spoke with passion, clarity and even-handedness around the many factors contributing to the current global energy crunch. He cut through the polarising narratives that seek to lay the blame at the door of climate policies, while warning that these could yet come to threaten energy security.