Decades after co-founding the commodity giant Trafigura Group, Mark Crandall invested in an Uruguayan lumber mill to help combat climate change.
Photographer: Ana Ferreira/BloombergFinance
Former Oil Trader Is Now Betting on Lumber for Skyscrapers
The man who helped start a fossil-fuel giant is now investing in a timber mill that he says can be part of the fight against climate change.
For much of his life, Mark Crandall was Mr. Oil.
In the 1980s, he helped start the oil desk at Morgan Stanley. Then he moved to Glencore, back when it was run by Marc Rich, where Crandall went from energy trader to running the department. In 1993, he left to take on his biggest project: co-founding commodity giant Trafigura Group, now the world’s second-largest independent oil trader.