If you can afford a Tesla , you probably find it hard to imagine that there are some 3.5 billion people on Earth who have no reasonably reliable access to electricity. Even less obvious may be the way rich countries’ pursuit of carbon neutrality at almost any cost limits economic opportunities for the world’s poor and poses serious geopolitical risks to the West.
Anyone on an investment committee has likely spent untold amounts of time discussing ways to mitigate the impact of climate change, but they’ve likely never heard anyone state one simple and incontrovertible fact: The widespread exploration and production of fossil fuels that started in Titusville, Pa., not quite 170 years ago, has done more to benefit the lives of ordinary people than any other technological advance in history.
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