An accidental environmentalist

Most of the financings I have arranged as an investment banker or made as a private equity investor were “black energy” - coal, oil, natural gas and some nuclear; none were wind or solar. Prior to 1990 or so, the environmental movement had minimal impact on those projects.  Environmental activism seemed to be driven by scare-science sensationalism, raw emotion, anti-capitalist, anti-consumption and failure to understand or appreciate even the most basic tradeoff between costs and benefits.