Finance is fossilised

Olly Copplestone cartoon journey to net zero 25Feb21 575x440
By Jon Hay
25 Feb 2021

Look at any bank’s website or hear its CEO speak and you will get a torrent of virtuous words about climate change, sustainability and supporting clients on their journeys to net zero. The same goes for big investors, from BlackRock down, but the windows of their ivory towers are misted up with all the hot air being spouted.

Rub it away and look outside. In the real world, companies are pumping out hydrocarbons as fast as they can.

As any informed capital markets specialist can tell you, the 2020s are the decade of transition. But in the UK — the first G7 country to set a ...

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