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Investors exert their influence over the energy transition | Hellenic Shipping News Worldwide


Investors exert their influence over the energy transition
“Capital… is a social power,” wrote Karl Marx and Frederick Engels in the Manifesto of the Communist Party. You don’t have to buy into their world-view wholesale to recognise the truth of that observation. When controllers of capital exercise their influence, they can have a big impact on the economy and on society, as the oil and gas industry has found. Pressure from investors has been one of the main forces pushing companies to address climate change and the transition to lower-carbon energy. The responses have ranged from assessments of the possible impact of the Paris climate agreement, to diversification into renewable energy, to new goals for cutting emissions. ....

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