Billionaire hedge fund founder Sir Christopher Hohn expects the greatest “demand disruption” for oil since the 1970s shock to trigger a surge in renewable energy investment.
The activist investor, whose TCI Fund Management has more than $40bn in assets, said high oil prices are “a positive thing” for the climate as the energy crisis prompts a “dramatic acceleration” in decarbonisation.
“This is a massive wake-up call that is going to accelerate decarbonisation, and investments by countries and governments,” Hohn told the Financial Times Climate Capital conference.
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