Clean And Dirty: The 30-Under-30 In EnergyForbes, January 5, 2015
It’s always a challenge to find a new set of nominees for Forbes’ 30-Under-30 list in energy. This despite the fact that the “energy industry” is quite likely the biggest in the world. According to the International Energy Agency, keeping the people of the world supplied with energy in all its forms costs about $1.7 trillion a year. (That’s double what we spent in 2000.) The vast majority, about $1.1 trillion, is tied to the extraction and combustion of fossil fuels, while roughly $250 billion a year goes towards renewable energy — up from $60 billion in 2000. Another $130 billion a year goes toward improving energy efficiency.
Despite the world investing four times more in “dirty” energy than “clean,” only five of our 30 work in the oil and gas business. Why is that? It’s a fair question, and one posed by our esteemed judge William Macaulay, the chairman of private equity giant First Reserve, who has over three decades invested tens of billions of dollars into energy extraction and infrastructure companies.