Merryn Somerset Webb on the rise and fall of ESG
Iain Martin talks to Merryn Somerset Webb about the origins of ESG, its vague definitions, the upcoming Spring Budget and the failure of central banks.
Iain Martin talks to Merryn Somerset Webb about the origins of ESG, its vague definitions, the upcoming Spring Budget and the failure of central banks.
Hard-won expertise in extracting oil and gas is not easily transferred to windmills and solar.
Even Larry Fink seems to have undergone an ESGectomy.
The ESG model has proven to a large part to have been made up of smoke and mirrors.
Appurtenances of woke corporatism, such as ESG and CEI, rob companies of cultural autonomy and distort the formerly free market.
Neo-Marxist thinking has long permeated academic institutions. But the world of business is a less likely victim.
Neil Collins’ Notebook: Gas shortages – and soaring prices – are a grave concern. But let’s remember the first law of commodities: today’s shortage is tomorrow’s glut.
ESG is a flawed scoring system to encourage businesses to “do better”. But encouraging them to instead just focus on carbon emissions isn’t the right alternative.
Neil Colins’ Notebook: Dumping the shares of the big oil companies on ESG grounds is foolish as they are the ones which will emerge with the new green energy.
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