Why Wind Power’s Prospects Are Bright
Mention Texas in the same sentence as energy and most folks will think of the oil and gas industry. But not so for plenty of well-informed lawyers, leading among them Diana Liebmann.
A well-worn stereotype portrays American corporations and particularly the energy industry as ambivalent at best about the environment. However, increasingly, major asset managers and investors have been asserting their views on the relationship between the well-being of the environment and the strength of their returns.
Following the collapse in oil and gas prices that started in 2014, master limited partnerships initially remained resilient. But by the second half of 2015, MLPs also began to suffer. Unit prices fell, a record number of MLPs cut distributions and most MLPs were shut out of the capital markets.