Private shareholders are recognizing the problems with ethical investing, Renewable Energy & ESG.
My own view is that Climate Change is a real threat; but the measures being taken to counter it are often ineffective; while the misleading methods of ESG are now acknowledged.
If all this encourages companies to identify realistic counter CC measures and, with HMG support, make them profitable, then private shareholders will respond.
Welcome back. Investors may say that but do they really care? Folk will still put convenience above changing their own carbon-reducing behaviour, like shopping at Amazon. Bearing in mind the 1% own 2/3rds of all stock and not only create over 50% of all carbon emissions but control the Boards I can't see any meaningful movement on climate breakdown by publicly traded companies. And Anglo American governments can't backtrack fast enough from their climate commitments. Governments have had 30 years to do something and they've done nothing. Maybe when cities like Shanghai, Manhattan and Miami are underwater folk might start to think about doing something...even then I'm not sure.
I do try and stay positive and don't often share my opinion because I don't like being a killjoy...that's interesting you don't disagree, thanks for the feedback. And then I read an FT headline like this and shake my head:
"Europe’s ESG funds more than double defence holdings amid Ukraine war
Sector’s shares have soared and asset managers in debate on whether investing in it can be seen as sustainable"
Has the world gone fucking mad??? I teach MBAs and have to restrain myself but good grief...Thank you for you thought provoking articles, really enjoy them.
Welcome back JK.
Private shareholders are recognizing the problems with ethical investing, Renewable Energy & ESG.
My own view is that Climate Change is a real threat; but the measures being taken to counter it are often ineffective; while the misleading methods of ESG are now acknowledged.
If all this encourages companies to identify realistic counter CC measures and, with HMG support, make them profitable, then private shareholders will respond.
Welcome back. Investors may say that but do they really care? Folk will still put convenience above changing their own carbon-reducing behaviour, like shopping at Amazon. Bearing in mind the 1% own 2/3rds of all stock and not only create over 50% of all carbon emissions but control the Boards I can't see any meaningful movement on climate breakdown by publicly traded companies. And Anglo American governments can't backtrack fast enough from their climate commitments. Governments have had 30 years to do something and they've done nothing. Maybe when cities like Shanghai, Manhattan and Miami are underwater folk might start to think about doing something...even then I'm not sure.
What uplifting thoughts. Unfortunately, I cannot disagree with you on any of this...
I do try and stay positive and don't often share my opinion because I don't like being a killjoy...that's interesting you don't disagree, thanks for the feedback. And then I read an FT headline like this and shake my head:
"Europe’s ESG funds more than double defence holdings amid Ukraine war
Sector’s shares have soared and asset managers in debate on whether investing in it can be seen as sustainable"
Has the world gone fucking mad??? I teach MBAs and have to restrain myself but good grief...Thank you for you thought provoking articles, really enjoy them.