Environmental finance: From Dong to Ørsted – a story worth repeating

Don’t believe the doubters – the transition from fossil fuel to clean energy can be made, and made swiftly and profitably.

Environmental and political writer George Monbiot recently made the salient point that while Shell launched a $300 million fund in April to invest in natural ecosystems, it also invested $25 billion into oil and gas in 2018, including exploration for new fossil fuel reserves. 

When I am reminded of how little the large energy companies are doing regarding transitioning to a low-carbon economy and of the excuses given, I think about the story of how Dong Energy became Ørsted.

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