Trustnet Magazine 65 September 2020 | Page 4

Cover story 4 / 5 Anthony Luzio finds out why we may have already reached peak fossil-fuel demand – and what this would mean for the oil & gas majors Stranded Kingsmill Bond is keen to stress he does not have an environmental background. When asked to describe how he came to work at independent thinktank Carbon Tracker, the strategist says, “it is slightly embarrassing because I’m a fish out of water in this world”. “For my sins, I’ve not been a particularly green person. And no doubt I will pay for that in purgatory one day. I’m just a finance guy.” This should make his forecasts about the future of fossil fuels even more worrying for investors with exposure to this industry – his argument about why it is in trouble is not based on ethics or some sort of moral responsibility to keep carbon TRUSTNET