Are we fucked?
So we are in a pretty shitty spot right now, economically. Gas through the roof (O&G the move now?) groceries getting really expensive with reports of 19$ pieces of lettuce. This doesn't seem to be getting better and only worse. I know a lot of people on here are high earners at least compared to the average American. So my question is how is it affecting you guys, and are you worried.
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Yes, you’re right. I hope it will get better
You're* Please fix, thanks.
ESG is being exposed for the grift it was all along...
Really because my firm (top 10 globally) sees ESG as the new tech....where all the smart people want to be who actually will get rich saving the world. The temporary resurgence of fossil fuel dominance due to short term shortages is only going to garner more support for alternatives.
The president of the fucking USA is going to grovel before Saudis....you don't think that's going to be motivation for him to push alternatives?
Lol, I think you are confusing the pop culture term for ESG and what ESG actually is.
"The president of the fucking USA is going to grovel before Saudis....you don't think that's going to be motivation for him to push alternatives?"
Or maybe that we should on focus production in our country?
"sees ESG as the new tech....where all the smart people want to be who actually will get rich saving the world"
Lol
I think people really underappreciate how dangerous ESG has/can become.
Investing in companies that create environmental conscious products or tech can be a good thing.
However multi billion/trillion dollar asset managers that are forcing their insane woke ideals on companies is something else. Forcing companies to have diversity quota's, go super green, not investing in companies that support certain political ideas that they don't agree with.
Also the people's savings and pension they manage are a lot of the time totally unaware this is happening.
The democrats can basically use these useful idiots to force their ideology on corporate America.
I work in AM and we are increasingly incorporating ESG into the investment decision making process. However, I believe you have misconstrued how it works to fit your “woke mafia taking over” narrative. This couldn’t be further from the case. Barring anything egregious, we don’t decide where to invest based on an ESG rating or score, it’s just an indicator. It’s utility lies in summarizing various types unquantifiable risks. Ultimately we are trying to generate great risk-adjusted returns and I don’t think that will ever change.
I think the republican crowd wants ESG to fail so badly they don't see that there's demand for it and money to be made. Temporary uptick in O&G activity and they think solar is toast LOL
As an O&G banker who is hedged through investments in the sector, life is good.
But seriously, having my grocery bill double sucks but I can't even imagine the toll this is taking on those with families to support in lower income fields.
The only ESG we need is: Energy, Shelter, & Groceries.
So would you say the energy industry is doing well right now? Considering it strongly
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