This episode is part of our Capital Series hosted by Jason Jacobs. This series explores a diverse range of capital sources and the individuals who drive them. From family offices and institutional LPs to private equity, government funding, and more, we take a deep dive into the world of capital and its critical role in driving innovation and progress.
Michael Bruce serves as the Senior Director of Venture Investing, Environment and Energy at Emerson Collective. Emerson Collective, founded by Laurene Powell Jobs, is a game-changer in education, immigration reform, the environment, media and journalism, and health.
We were excited for this one because Emerson Collective is an interesting organization operating holistically across these areas. They also happen to be doing a lot in climate at a surprising scale, but they have not spoken too frequently about what they're up to publicly. So this was a special opportunity, and Michael does not disappoint.
In this episode, we cover:
- [2:14] An overview of Emerson Collective
- [4:08] Michael's journey and what led him to work in climate
- [11:08] His thoughts on energy vs. climate change
- [16:56] Emerson's early climate efforts
- [19:26] The firm's dedicated pool of capital and team structure
- [22:29] Emerson's approach within climate and how it's evolved over time
- [25:41] Thoughts on philanthrocapitalism
- [27:15] Types of risk Emerson is comfortable taking
- [32:11] Emerson's criteria for selecting climate investments
- [37:31] Michael's thoughts on the future of oil and gas
- [40:21] His views on the carbon market
- [45:28] Why market sources alone aren't enough to address the climate crisis
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Episode recorded on Oct 26, 2023 (Published on Nov 29, 2023)
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*Editing and post-production work for this episode was provided by The Podcast Consultant
