Thanks. I think you need to separate them because energy is quite different from infrastructure. Energy is currently under threat because of the obsession over ESG, but I doubt it will disappear forever. In fact, barring some insane technology advancement, I would say there’s a 0% probability oil and gas will fall out of use by 2050. Consumption might be less, but they’ll still be around. Historically, new energy sources tend to be additive to existing ones.

The main difference is that energy is far more cyclical than infrastructure, which means higher career risk if you join at the wrong time. So infrastructure will probably be more stable, though there is some risk of the government deciding to do everything itself. But I doubt that will happen anytime soon.

Thank you for the review

Do you think energy and infrastructure investment banking and especially PE are going to stay around given the current situation? Seems like that sector will flourish at least until 2050 (net zero target for the developed world), and it seems to be a great sector to build a career in (given you like it)