Oil spike distracts from long-term transition risks

Investors have a crucial role to play in avoiding a 'climate Minsky' moment

A drone attack on Saudi Arabia's largest oil production facility on 14 September sent oil prices surging to their biggest single-day rise since records began.

This spike is a temporary boon to shareholders in many publicly-traded oil and gas companies, but it distracts from a much greater threat to asset prices in the long term. Driven by climate change,...