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dc.contributor.authorField, Sean
dc.identifier.citationField , S 2021 , ' Risk and responsibility : private equity financiers and the US shale revolution ' , Economic Anthropology , vol. 9 , no. 1 .
dc.identifier.otherPURE: 273512016
dc.identifier.otherPURE UUID: 2fd57632-009d-4605-8c6e-a232442e3cfb
dc.identifier.otherWOS: 000685449500001
dc.descriptionThis project received funding from the European Research Council (ERC) under the European Union's Horizon 2020 research and innovation program, Grant 715146.en
dc.description.abstractDrawing on ethnographic research in Houston, Texas, I explore how private equity financiers in the US hydrocarbon industry are empowered to define and take financial risks on our collective behalf. The US shale revolution could not have unfolded without the financial risk-taking activities of private equity financiers who channeled billions of dollars into US unconventional exploration and production (“fracking”). These financiers are motivated not only by their own capitalist projects but also by feelings of responsibility to take financial risks for the benefit of others. Shedding light on this enigmatic community, I attend to the relatively neglected area of hydrocarbon finance and highlight how perceptions of financial risk and responsibility become entangled to shape our collective energy present(s) and future(s). As an essential piece of the financial infrastructure that connects investors around the world with US hydrocarbon activities, I suggest that private equity firms are conduits not only of capital but also of responsibility.
dc.relation.ispartofEconomic Anthropologyen
dc.rightsCopyright © 2021 The Author. Economic Anthropology published by Wiley Periodicals LLC on behalf of American Anthropological Association. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.en
dc.subjectPrivate equityen
dc.subjectGN Anthropologyen
dc.subjectHG Financeen
dc.titleRisk and responsibility : private equity financiers and the US shale revolutionen
dc.typeJournal articleen
dc.description.versionPublisher PDFen
dc.contributor.institutionUniversity of St Andrews.Social Anthropologyen
dc.contributor.institutionUniversity of St Andrews.Centre for Energy Ethicsen
dc.description.statusPeer revieweden

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