Malte Engeler

"Capitalism won’t deliver the energy transition fast enough. [...] There’s too much to do, and given the urgency and the need to get the solution right, this isn’t a task for your favourite ESG-focused portfolio manager or the tech bros."

Most of the people that follow me know that already but check the source:

It's from the Financial Times.

This is surreal. And worrying to be honest. Is it that late that even the FT starts to not care about alienating readers?

https://www.ft.com/content/86d71297-3f34-48f3-8f3f-28b7e8be03c6 (Abo)

Client Challenge

Jul 2, 2023 at 6:00amWeb
Show threadU.LancierJul 2, 2023

@malteengeler Kapitalismus hat sich in der Vergangenheit durch den Privatbesitz von Produktionsmitteln etabliert. Ob Grundbesitz oder Bergrechte oder Handelsrechte, ob Geheimwissen um Produktion oder später Patente: Was mal Gemeinbesitz und Gemeinwissen war wurde zunehmend privatisiert und zum Privileg.

Energiewende und Kreislaufwirtschaft droht nun viel diesen kapitalen Besitzes wertlos zu machen. Schürfrechte, Tankerflotten, Pipelines… alles tot.

Show threadEdelruth, PBS Passport HolderJul 2, 2023

@malteengeler

Do they let you share an article as a gift?

Show threadollibabaJul 2, 2023

@malteengeler

> Is it that late that even the FT starts to not care about alienating readers?

My uninformed guess is that statements like "The sheer scale of the physical infrastructure that must be revamped, demolished or replaced is almost beyond comprehension. Governments, not BlackRock, will have to lead this new Marshall Plan." speaks to quite a lot of (non-oil-industry) FT readers.
It says "There's a huge cake, paid for by the government! Get your share of that sweet sweet money!".