is driving a credit crunch for oil and gas companies, Schwarzman and others say. oil prices hit $85 a barrel this week, a seven-year high.) Speaking at the Future Investment Initiative conference in Saudi Arabia, he warned that an energy shortage could lead to “real unrest” across the world - and put forward a provocative culprit.Ī focus on E.S.G. Steve Schwarzman, Blackstone’s billionaire co-founder, became the latest financier to sound the alarm about an energy crunch.
Are do-gooders driving the energy shortage?
