There’s still a long, hard row to hoe. But these funds are encouraging and give hope that fossil fuels will continue to be an energy mainstay.
… “We aren’t getting this one right. The world needs 100 million barrels effectively of oil and gas every day. And we need it for 10 years,” he said during the hearing, adding that the current energy crisis has caused emissions to rise because of the increased usage of coal.
A March report by the Harvard Business Review revealed “an inconvenient truth” about ESG funds. Not only did ESG portfolios have poor financial returns but they also had a “worse compliance record for both labor and environmental rules,” the report stated.
Nonetheless, capital flows to sustainable investing have broken record after record….
Esg is unconstitutional. Do not patronize any business that even mentions it.
Since much of that ESG investment money finds its way into the pockets of the politician pushing it, expect more and more to flow.