Green vs. Brown Earth Inc.- Investor networks across equity, bonds and syndicated loans to renewable and oil and gas companies

Authors: Jakob Engel*, University of Oxford, Theodor Cojoianu, University College Dublin, Andreas Hoepner, University College Dublin, Dariusz Wójcik, University of Oxford
Topics: Economic Geography, Energy
Keywords: financial geography, investment, energy, networks
Session Type: Paper
Day: 4/4/2019
Start / End Time: 3:05 PM / 4:45 PM
Room: Cleveland 2, Marriott, Mezzanine Level
Presentation File: No File Uploaded

The effective transition to a low carbon economy requires shifting capital and funding away from fossil fuel companies and activities to low-carbon and resource-efficient solutions. It is unclear though who the investors are, through which financial instruments oil and gas and renewable energy companies are seeking funding and ultimately how the capital shift towards low carbon companies is likely to occur. In this light, we provide a global investment chain mapping of the oil and gas and the renewable energy sector over the period 2007 - 2015. We identify equity, bond and syndicated loan investor networks and compare and contrast them in the low carbon energy transition context. Our study is the first of its kind to provide evidence of risk exposure to the oil and gas sector and investment dynamics in the green sector across multiple asset classes and investor types.

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