Claudio Descalzi, CEO of Italian energy company Eni. Picture: REUTERS/YIANNIS KOURTOGLOU
What’s happening is something that a group of wonks predicted two years ago — and if they are right, it’s only the start. Brought together under the auspices of the principles for responsible investment, a UN-supported network of investors, the team developed a framework they called the “inevitable policy response” .
Sudden policy changes would be disruptive. Shell CEO Ben van Beurden, CEO of Shell that a “disorderly transition” would follow, leaving companies with stranded assets and robbing investors of expected returns.
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