Blackstone’s Horn Compares Today to 1970s Embargo: BNEF Update

Oil storage tanks at a refinery in Tuapse, Russia.

Source: Bloomberg

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It’s the second day of the BNEF Summit in New York, one of the premier conferences focused on the energy transition. Many of Tuesday’s speakers discussed how Russia’s war in Ukraine may affect the global transition to clean energy.

As the conflict disrupts global energy markets, many see the turmoil as an opportunity to accelerate the shift to clean energy, while others say it shows how much the world still needs fossil fuels. Wednesday’s speakers will address policy and financing issues as the industry responds to the upheaval.