Carbon capital : the lexicon and allegories of US hydrocarbon finance
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Drawing on ethnographic fieldwork with energy financiers in Houston, Texas, this paper explores how experts use a lexicon of models and metrics to conceptualize and construct allegories about future hydrocarbon projects and companies. I show that allegorical narratives built with this lexicon advance a kind of energy ethics – distinguishing what is good and advocating for particular hydrocarbon futures. As the energy industry pivots toward renewables, I conclude that these metrics, models and allegories are coming to bear on new forms of extraction. This paper contributes to a better understanding of the financial and managerial processes on which extractive energy practices are imagined, valued and decided.
Field , S 2022 , ' Carbon capital : the lexicon and allegories of US hydrocarbon finance ' , Economy and Society , vol. 51 , no. 2 , pp. 235-258 . https://doi.org/10.1080/03085147.2022.2030606
Economy and Society
Copyright © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
DescriptionThis project has received funding from the European Research Council (ERC) under the European Union’s Horizon 2020 research and innovation programme, grant agreement No. 715146.
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