No surprise to see Tom Steyer - investor, environmentalist and recent Democratic presidential hopeful - duffing up those still inclined to chuck money at the US fossil fuel industry. But his overriding conviction about foolish, unproductive investments in "harm-causing commodities" is sound - "it falls under the heading of 'catching a falling knife' - always a dangerous activity."
As Steyer points out, aside from the implicit dangers to our climate, the current dislocation in the fossil fuel industry should be seen not just as a blip, but rather a global downward trend. Government investment into oil and gas infrastructure - championed by the fossil fuel lobby - is shortsighted folly at any time, and particularly at a time of global pandemic lockdown when big investment is needed elsewhere to kickstart an economy that's on its uppers!
At Hyperion we work with innovative and disruptive clean energy and e-mobility start-ups from across North America and Europe. We see every day how public and private investments in new energy markets can help to fix the climate crisis. As the pandemic passes and markets burst into life once more, investing in new markets with new jobs in clean, green energy has to be the priority. It just makes sense!
To find out more about Hyperion and the work we do in helping high-growth cleantech companies find exceptional senior level talent, sign up for our newsletter or email firstname.lastname@example.org.
The good news is that investing in new markets, new growth, new jobs — and arresting the climate crisis to protect public health — is, in fact, the same path. If we can get out from underneath a corporate-controlled government led by Trump and his party, we can buck polluters' influence in Washington and take real and direly needed steps toward the cleaner, safer future we all seek.