Chanticleer
CEOs warn of dangers of rushing the energy transition
Leading business figures have talked up the benefits of the transition from fossil fuels to renewables, while warning of the need to keep the community on board.
Macquarie Group chief executive Shemara Wikramanayake and Morgan Stanley chief executive James Gorman have hailed the financial opportunities from the energy transition, while warning of the dangers of a rapid shift to renewables.
Wikramanayake and Gorman told The Australian Financial Review Business Summit on Tuesday the social mandate for shifting to renewables could be threatened by a transition that pushes up energy prices.
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