Stranded Assets concept washing up in front of Old Boys – and can’t be ignored

Pilita Clark of the Financial Times summed up the incredibly positive impact the Stranded Asset research has had with the mainstream owners and managers of big money after observing Bank of England’s Mark Carney in a speech to insurers about climate change risk: “The idea that the governor of an institution such as the Bank of England would lend the [Stranded Asset] concept the weight Mark Carney did in his speech to London insurers on Tuesday night would have seemed remarkable only six months ago.” Shells exit from the Arctic in the same week will hopefully be a nice piece of circumstantial evidence in retrospect when the strategic shifts in energy exploration and production have been cemented.