Sumary of Squeezing one last drop from Big Oil: The great climate debate shaking Australia’s energy sector:
- In the Californian city of San Mateo, fund manager Franklin Templeton vice president Fred Fromm lives and works at the centre of the electric vehicle boom and the transition to a low-carbon world..
- Here, the local community has benefited from the state aggressive policy to reduce emissions, Fromm says, with cleaner air meaning schools are no longer shut down because of the city smog..
- While he has noticed more Tesla electric cars on the roads, Fromm, who manages more than $886 million in a global resources fund, says this has not translated to falling demand for oil..
- Ausbil Investment Management global resources manager Luke Smith agrees, and is seeking to cash in on an expected rebound as the COVID-19 vaccine is rolled out….