Climate Change: The Value Investor's Perspective

Climate Change: The Value Investor’s Perspective by Balint Anton Francisc The current attitude towards renewable energy sources should be a deja vu: almost a century ago, John D. Rockefeller ruled the oil industry with his Standard Oil’s empire. He made his fortune by accessing and developing a commodity (oil) which served as the principal basis for energy generation across the world, especially in the United States. I would like to underline the importance of this: he provided a product that fulfilled a fundamental economic need – energy generation. However, what exacerbated his fortunes was the moment when he invested in…