Managing Partner Adam Rozencwajg, CFA, was recently interviewed by Paul Chapman of HC Insider Podcast - Conversations in Commodities.
During their conversation, they discuss how decarbonization is crucial to tackling climate change. Yet, how human history has been a story of increasing energy consumption and hydrocarbons unleashed global development. Today, hope and investment are pinned on a suite of alternatives, especially wind and solar.
The economics work. However, do the energetics?
Rozencwajg has spent a decade looking at the energy return on investment (EROI) and his work and insight present a stark contrast and challenge to our current direction.
If you're an investor, we invite you to listen to this interview.
And for a deeper dive into this topic, we invite you to download our Q4 2022 Commentary, available below.