“Private equity funds are very keen to grab the available stocks, bonds, and assets, as the margins in oil and gas, and even coal, are very impressive and will remain so for longer.
National oil companies and non-Western oil and gas giants will be happy to produce every last drop of oil, gas, and even coal they can.
Private equity funds, with a much shorter investment horizon than funds, will be pushing for higher production sooner, which will not only produce higher emission levels but will constrain the price competitiveness of renewables.”
[COMMENTARY]As many experts have said, fossil fuels have to be made increasingly expensive to drive consumption to renewables. However, cheap fossil fuels create cheap mass food, cheap transportation, etc. Hence, the political reticence to properly tax fossil fuels.
Does Divestment From Fossil Fuels Really Work? By Editor OilPrice.com, October 27, 2021, Yahoo! News, USA.