This report discusses the strategic choices for infrastructure investors and the energy sector in the face of the global push for decarbonization. The authors highlight the significant value that can be created through development initiatives and recommend that companies such as Vestas move into development and infrastructure funding. The report also notes the losses suffered by major oil and gas companies in 2020 and the impact of the energy transition, stranded carbon assets, and demand destruction on their market capitalizations. The CEO of BlackRock has made climate change and sustainability a central focus, indicating the importance of these issues for investors.
