Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Agent of Impact: Mark Campanale, Carbon Tracker Initiative



ImpactAlpha, Dec. 6 – The risk that fossil fuel investments will become ‘stranded assets’ went from fringe thesis to mainstream preoccupation in what must be near-record time.

It’s not a theory: this week, the Spanish oil producer Repsol took a $5.3 billion writedown to reflect the falling value of its oil and gas assets in a decarbonizing world.

That bankers, investors and now oil companies are taking seriously the value-collapse of fossil fuel assets is in large part testament to Campanale’s dogged research and advocacy.

The sustainable investment analyst founded Carbon Tracker Initiative, and in 2011 produced the landmark report Unburnable Carbon, followed two years later by Wasted Capital and Stranded Assets.

This week he helped launch the Fossil Fuel Non-Proliferation Treaty, modeled on the treaty limiting nuclear weapons. The aim: international collaboration around the peaceful phasing out of coal, oil and natural gas.  

Expect more write-downs to come. The Paris climate agreement, and follow-up meetings like COP25 now underway in Madrid, call for carbon emission reductions, but not yet constraints on fossil fuels.

An aim of the non-proliferation project: an accounting of fossil fuel projects representing future emissions as a starting point for a true reckoning. A registry would help determine what licenses must be revoked, which oil rigs decommissioned and by how much assets written down.

“We know fossil fuels need to stay in the ground,” Campanale told ImpactAlpha on the sidelines of the Financial Times’ Investing for Good Conference in New York. “The real question is whose and how.”

When Campanale isn’t plotting campaigns to sunset the oil industry, he sometimes fills in on the campaign trail for his identical twin brother, David, who is running for a seat in the U.K. parliament. Oh, and happy birthday, Mark and David!

Amy Cortese contributed reporting.

You might also like...