Climate is still too often framed as an environmental challenge. I think that framing is fraught. The defining story of our time isn't simply decarbonization. It is one of the largest economic transformations in modern history. Capital is moving. Industries are being rebuilt. Entire value chains are being reimagined. When we view climate through that lens, the conversation shifts from sacrifice to opportunity, from compliance to competitiveness, and from cost to value creatio

You Have the Money. Spend It. A young sustainability professional said something to me recently that I haven’t been able to stop thinking about. She was frustrated. She had been trying to pitch ideas inside her company that would save money. Not just “do good.” Not just improve the company’s sustainability credentials. Actually save the business money. Reduce waste. Improve efficiency. Lower operating costs. Avoid future risk. Create value. And yet, every time she brought one

What PwC’s latest decarbonization data, Bill Gates’s climate pivot, and three Climate Weeks reveal about the next allocation opportunity. ChatGPT generated image Is climate over? That is the question many investors seem to be asking, although usually not so directly. They ask it more politely. Is the policy environment too volatile? Has corporate sustainability peaked? Did ESG become too toxic? Are buyers still paying? Is climate tech just another overfunded cycle? Did Bill G

I spent the last two weeks travelling for, among other events and cities, DC Climate Week and SF Climate Week. I met formally with six companies with fascinating technologies - and informally with nearly a half dozen more. I passed on all of them. Not because of the technology. Not because of the team. Because of one thing: They didn’t understand price. This is becoming a pattern. Different sectors. Different stages. Different geographies. Same issue. Some founders still bel

Climate risk hasn’t arrived the way we were told it would. It hasn’t shown up as carbon. It’s shown up as water. And not as warming... as volatility. For the better part of two decades, we’ve framed climate change through a single lens: carbon. We measure it. We price it. We regulate it. And we should, because carbon is the cause. But somewhere along the way, we started to expect that climate risk itself would arrive in the same form. That we would see carbon. That we wou

Did Al Gore cost investors trillions…and slow climate progress by nearly two decades? That is a loaded question. If you are on the right, you may assume I am about to blame Democrats for politicizing climate. If you are on the left, you may assume I am about to attack one of the most important climate advocates of the modern era. If you are anywhere else in the world, you may map that same instinct onto your own version of Republican or Conservative…Democrat or Liberal…and ar

What $100 oil reveals about the fragility of the fossil economy, and why the age of electricity is arriving faster than we think. Oil crossed $100 a barrel yesterday. One geopolitical shock. One shipping lane. One narrow strait. That’s all it took to move the global economy. But at the same moment a new analysis from Ember revealed something markets are only beginning to understand. Oil shocks remind us how fragile the fossil system is. Ember’s analysis reminds us how small

A climate investor’s framework for productive leadership in the age of climate risk and capital markets I am not a politician. I allocate capital. My work sits at the intersection of climate science, markets, technology, and long-term risk. Every investment decision requires underwriting reality - physical reality, economic reality, behavioral reality, political reality. Over time, I’ve come to a simple observation: The same principles that create durable value in capital mar

Parenting is the only job where they hand you the responsibility before they hand you the instructions. There is no manual. Just a baby. And no fewer than a hundred people telling you how to raise it. Feed him this. Don’t feed her that. Let him cry. Never let her cry. Structure is everything. Structure is oppressive. Everyone is certain. No one agrees. When our first son was born, I did what most first-time parents do. I looked for the system. The framework. The rules. Surely

What I learned at the World Economic Forum about climate, capital, and the strange comfort of certainty in an uncertain world. I went to Davos with a simple question. Where is climate capital really going? Not where the press releases say it’s going. Not where the panels promise it’s going. But where investors are actually allocating money, attention, time, and conviction. I left with sore calves, a phone full of half-saved contacts, at least twelve business cards I still can

Why energy, security, and capital are finally aligned "There is no embargo on sunlight." When Jimmy Carter said that in the late 1970s, it didn’t sound poetic. It sounded practical. The world was in the middle of oil shocks, energy shortages, and long lines at gas stations, and Carter was naming an uncomfortable truth: modern economies had built themselves on energy systems that were efficient, yes, but also fragile, distant, and exposed. He wasn’t making a climate argument.

Every January, right on schedule, smart people begin asking the same question. What will happen this year? They ask it on panels. They ask it in memos. They ask it in year-end essays that begin with humility and end with confidence. They ask it because it sounds like seriousness. Because it sounds like work. I used to ask it too. There is something deeply comforting about the question. It implies that the future is out there, waiting to be discovered by those clever enough to

The NZLA clarifies what markets already knew: investors who integrate climate risk and opportunity don’t break the rules. They break ahead. For two decades, investors have debated whether climate and ESG considerations are part of a fiduciary’s duty, or a distraction from it. That debate is now over. The Net Zero Lawyers Alliance (NZLA) has released a new report on sustainable fiduciary duty that lands with the weight of inevitability. And while I’m not a lawyer

When I wrote “Watching COP30 From Toronto: Why I Stayed Home, and Why I Am More Optimistic Than Ever,” I argued that the real climate work has moved from negotiation halls to boardrooms, factories and cap tables. Now that the dust (and smoke, literally) has settled in Belém, and Carbon Brief has done the forensic work of unpacking what actually got agreed, I’m even more convinced I made the right call. COP30 was billed as a COP of “truth” and “implementation.” What we

As COP30 kicks off in Belém, Brazil, I am not in the Amazon. I am in Toronto. Cold sidewalks. No riverboats. No credential check lines. And that is on purpose. I have been to these global climate gatherings. I know the energy, the passion, the ambition, the chaos. I know the raucous back and forth of government negotiators refining previously chiseled commitments that were themselves refinements of earlier commitments. I could have gone. I could be meeting climate friends, po

We are witnessing the end of one era. Not the end of the economy. Not the end of democracy. Not even the end of capitalism. The end I am talking about is quieter… slower… more inevitable. It is the end of the carbon molecule as a measure of progress. We are witnessing the replacement of a king. Because a new state is emerging. An electro-state. Powered by electrons, not combustion. By storage, not extraction. By invention, not depletion. The signs are everywhere. In our mar

When federal leadership retreats, markets don’t stop, they re-route. The United States Federal Administration has once again made climate a political dividing line. The White House froze offshore wind leasing, paused national EV programs, and cut the science that underwrites climate risk. At the UN, the President called climate action a “con job.” That speech was meant for applause, not for markets. Because markets kept building. Across the U.S., states and cities filled the

I was honoured to have been asked to deliver remarks at the Opening Ceremony of Toronto Climate Week | TOCW by Becky Park-Romanovsky...

Few things are more fun than exploring the future of climate investing with people who ask great questions. Thank you to Justin Reist...

I am thrilled (and humbled) to be featured in Forbes by Afdhel Aziz , discussing why hunting Gigacorns isn’t just about carbon, it’s...