'Climate finance' is an emerging field that aims to harness the power of finance for climate change mitigation and adaptation. From Blackrock Capital CEO Larry Fink’s game-changing letter to shareholders, to new clean finance reporting rules, and Canadian Mark Carney’s advocacy for climate finance as head of the Bank of England, climate finance is all over the news. In 2019, Canada’s Expert Panel on Sustainable Finance declared that "Finance is not going to solve climate change, but it has a critical role to play in supporting the real economy through the transition." How might this unfold?
Join David, Sara, Ed, and Harvard Advanced Leadership Initiative Fellow Keith Forman on Episode Nine of Energy vs Climate. Find out how much of the climate finance hype is greenwash versus practical reality and whether it can help the oil and gas industry through its transition, at a time when capital for Canadian oil and gas projects has slowed to a trickle.
About our guest:
Keith Forman’s career includes work at renewable energy businesses and senior roles in two green investment vehicles, a bio-diesel business and an industrial wood-pellet manufacturer. Most recently he was CEO of publicly-traded Rentech Nitrogen Partners. Prior to that he was CFO and director of hydrocarbon infrastructure companies Crestwood Midstream Partners, El Paso Corp., and GulfTerra Energy Partners. His career began at Manufacturers Hanover Trust working with the firm’s natural gas pipeline clients. He is a 2020 Harvard Advanced Leadership Initiative Fellow.