At a Sandy anniversary panel organized by Forecast the Facts, climate and economic expert James Slezak
says that investors should recognize that the fossil-fuel industry will go the way of the horse-and-buggy.
Oil and coal companies, Dr. Slezak
said, are “bad investments” that “don’t have the right capabilities or the right assets” to become renewable energy companies.
And we don’t want to give them an escape route. James Slezak (@jslez) is a social entrepreneur, author, and co-founder of Peers.org, a member-driven organization to support the sharing economy.
He was previously a founding executive team member and partner at Purpose.com, and consultant at McKinsey & Company, where he led projects on sustainability, technology and economic development.
is co-author of the book Climate Change and Australia, as well as public reports on the economics of carbon emissions reduction released by McKinsey.
James holds a PhD in Physics and was an affiliate at Harvard’s Berkman Center for Internet and Society. The Forecast the Facts forum, “Turning the Tide: The Challenge And Promise Of Carbon Divestment for a Post-Sandy Wall Street,” took place on Sunday, October 29, at Cooper Union’s Rose Auditorium in New York City, with panelists from the Center for American Progress, Next Generation, and NYU Divest.