This year's military conflicts have caused disruption across energy markets, both challenging and reinforcing the investment case for fossil fuels. Infrastructure investors now need to separate the long-term trends from the short-term fluctuations.

On today's Stories of Transformation, we're joined by Anthony Borreca, senior managing director at infrastructure investor Stonepeak, to unpack how investors are evaluating these trends.

We discuss how the energy investment case has changed this year (1:32); the impact of data centre demand (4:54) the growing role of natural gas (8:23); and investing for the long term (10:29).