If the ESG industry does not smarten up, it will eventually fall flat on its face
Article content
ESG fund managers, insurance companies, banks and European and North American governments have blackballed coal, oil and gas investments because of climate-change concerns, starving them of investment funds. That wasn’t a problem until fossil-fuel demand recovered from the pandemic, leading to a surge in prices. And then Russia invaded Ukraine, causing a spike in energy security concerns, especially in Europe, which now faces a dire winter even as Germany fires up its coal plants.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: