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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Sun Tzu who wrote (62761)6/16/2022 7:28:49 AM
From: jpdunwell  Read Replies (1) of 97557
 
If big oil is not willing to invest even in countries that don't have a strict ESG policy, then they are implicitly saying their industry is a dying one and all their complaints about ESG is BS.
Timely enough, I read this article this morning, which might give you further insight into how ESG is impacting investment decisions, even in countries that don't have ESG policies:

theepochtimes.com

"In 2021, BlackRock sided with hedge fund firm Engine No.1, which replaced new directors on ExxonMobil’s board, believing that the oil giant had responded too weakly to the climate crisis. Citing a Wall Street Journal report, Hild said the board subsequently considered divesting itself from two gas and oil projects in Mozambique and Vietnam."



If you're a CEO or BoD member, you think that message wasn't well-received and that it's not impacting your investment decision-making process? Business case aside, these guys are going to protect their own asses above all else.
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