Climate change is the fattest tail risk of them all
Casting doubt on science is an unwise risk management strategy
Businesses have two ways of dealing with inconvenient scientific findings. They can accept them and begin to adapt industry practices accordingly; or they can reject the science, cast doubt on the validity of the research and fight tooth and nail to prevent the policy changes that the scientists recommend.
The former approach might make more sense in the long run but, all too often, companies choose the latter. As Naomi Oreskes and Erik M Conway describe in their book Merchants of Doubt,1 the
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Energy Risk Europe Leaders’ Network: the challenge of unpredictability
The European Leaders’ Network, sponsored by Engie, convened in London on June 29, 2026, and focused on the impact of geopolitical tension, price volatility and policy uncertainty on European energy markets.
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Asian banks close out energy clients as Iran war bites
Firms with short jet fuel positions faced losses up to $100 million as initial margin soared 566%