Today's guest is Kingsmill Bond, Energy Strategist at Carbon Tracker. Carbon Tracker is a nonprofit financial think tank that carries out in-depth analysis on the impact of the energy transition on capital markets and the potential investment in high-cost, carbon-intensive fossil fuels. It has cemented the terms “carbon bubble”, “unburnable carbon” and “stranded assets” into the financial and environmental lexicon. Having a long career in banking and finance, Kingsmill has written about the impact of the energy transition on financial markets, domestic politics and geopolitics, and authored a series of reports on the myths of the energy transition, looking at the many arguments made by incumbents to deny the reality of change. This episode is an interesting one in that Kingsmill has strong opinions, not just about what needs to happen, but also what is already happening and inevitable as it relates to the phasing out of fossil fuels and the phasing out of fossil fuel companies. I thought this was a great one and I learned a lot. I hope you do as well. Enjoy the show! You can find me on twitter @jjacobs22 or @mcjpod and email at info@myclimatejourney.co, where I encourage you to share your feedback on episodes and suggestions for future topics or guests.

In today’s episode, we cover:

• What is Carbon Tracker and what’s it role in the financial markets?
• How fossil fuels and carbon emissions play into the valuation of stocks, etc.
• How Carbon Tracker influence investors and their strategies
• The investment risk associated with not factoring in climate change
• The meaning and examples of a “stranded asset”
• How the energy transition to cleaner technologies can disrupt incumbent industries to the detriment of investors
• How inertia continues to drive the construction of fossil fuel infrastructure
• Asset reallocation as the primary lever in Carbon Tracker’s strategies
• Kingsmill’s prognosis of the fossil fuel industry
• Allocating out of the “losers” than allocating into the “winners”
• Kingsmill’s journey to working on energy-transition financial strategy
• Fossil fuel incumbents, friend or foe to the climate change movement?

Links to topics discussed in this episode:

• Carbon Tracker: https://www.carbontracker.org/
• Carbon bubble: https://en.wikipedia.org/wiki/Carbon_bubble
• Unburnable carbon: https://www.carbontracker.org/terms/unburnable-carbon/
• Stranded assets: https://en.wikipedia.org/wiki/Stranded_asset

Get connected with MCJ: 

• Cody Simms X / LinkedIn
• MCJ Podcast / Collective / YouTube

*If you liked this episode, please consider giving us a review! You can also reach us via email at info@mcj.vc, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.