Russia's invasion of Ukraine, spiralling inflation and a renewed focus on energy security defined 2022, leading to a rapid evolution of investor attitudes towards the energy sector.
Chris Metcalfe, CIO of IBOSS, said that following the invasion, there has been a period of "urgent reflection" over energy, with governments pushed to intervene in the market. Martin Todd, sustainable global equity portfolio manager for Federated Hermes, added that the high prices had brought about "a new equilibrium" as demand reduced and new entrants to the market continue to emerge. Columbia Threadneedle launches sustainable global equity income fund Todd argued that over the last year, "energy security has taken precedence over decarbonisation", as the world's dependence on fos...
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