Jupiter's Buxton blames 'ESG zeitgeist' for energy crisis over Putin

Decade of high oil and gas prices

Elliot Gulliver-Needham
clock • 3 min read

The current energy crisis has had “nothing to do with Putin”, said Richard Buxton, head of strategy, UK alpha for Jupiter Asset Management.

In a panel titled ‘What are the opportunities in the UK market' at the Square Mile Investment Conference today (27 September), Buxton argued that the "ESG net zero zeitgeist" was largely responsible for the energy crisis, calling Putin's actions "just the icing on the cake". Buxton stated: "We have been sleepwalking into an energy crisis for the last six or seven years. "Most of this decade is going to be high oil and gas prices because there is no supply response to the crisis." He suggested that some fossil fuels, such as natural gas, are "quite clean", and we should therefore "l...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

FE fundinfo's head of ESG Breier: The hidden benefits of SDR
ESG

FE fundinfo's head of ESG Breier: The hidden benefits of SDR

Strengthening investors' trust

Matthias Breier
clock 07 February 2024 • 4 min read
Partner Content: Join us Thursday: Unlocking portfolio potential
ESG

Partner Content: Join us Thursday: Unlocking portfolio potential

Podcast Live! discussion with LGIM

Sarka Halas
clock 06 February 2024 • 1 min read
Morningstar: Janus Henderson and Man Group have 'room to improve' on ESG commitments
ESG

Morningstar: Janus Henderson and Man Group have 'room to improve' on ESG commitments

ESG Commitment Level report

clock 01 February 2024 • 2 min read
Trustpilot