Will the Fossil Fuel Sector Adapt to New Climate Risks?
The New York Times published an interesting piece about how U.S energy infrastructure might be affected by climate change. At the end of the piece, there is a nuanced quote about whether the energy companies will experience large profit losses due to climate change. For some, this would be a delicious irony but Sarah Ladislaw argues that this is wishful thinking. Here is her quote:
“Yet energy analysts cautioned against expectations that the effects of climate change will cause irreparable harm to the fossil fuel industry or make oil, gas and coal production fundamentally unattractive to investors. Sarah Ladislaw, an energy analyst at the Center for Strategic and International Studies, noted that the oil and gas sector has a long history of managing risks, including figuring out how to operate in politically unstable countries and prodding governments to loosen regulations they find too burdensome.
Source: http://greeneconomics.blogspot.com/2018/12/will-fossil-fuel-sector-adapt-to-new.html
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