“The only thing we have to fear is fear itself.” —Franklin D. Roosevelt’s first inaugural address, March 4, 1933 When Roosevelt uttered these famous words, the nation was grappling with more than fear. For all intents and purposes, the economy had shut down. Roughly a quarter of the labour force was out of work. Thousands of the nation’s banks were ...

I’m not prone to making directive calls in columns like this one or to using capital letters in my social media posts. Rather than telling people what to think, I strongly prefer to try to help them reach their own conclusions by providing analysis and insights. In the last few weeks, however, I’ve made two notable exceptions: in repeatedly urging ...

Oil majors and big miners have been falling over themselves to promise better behaviour when it comes to greenhouse gases. A significant number now say they are targeting zero emissions. Unfortunately, not everyone agrees on exactly what that means. It leaves investors clear on good intentions, but far less so on how to price transition risk, compare strategies and judge ...