The real esg would be if a big fund did a buyout of a coal company and just fired everyone and put the mineral rights in a perpetual trusthttps://twitter.com/EconomPic/status/1371947847227039747 …
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ESG is a joke, because actually flexing capital to further ESG goals would inevitably require you to destroy some value by nuking fossil fuel companies as an activist or by making VC-like bets on green tech. Blackrock is not and never will be doing either of those things.
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With that being said, I think it would rule if the $10B
@JeffBezos earth fund decided to go activist and just wiped out the entire thermal coal industry lmaoShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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I think it's cool how much ESG messes w peoples minds. Like it's incomprehensible for people that it's hard to define, could be incremental and that it can also change over time. Honestly surprises me that it's not a bigger bogeyman on here/in finance
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Why does ESG need to do either of those things? What does esg look like outside of energy?
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Doesn't need to necessarily! I just meant to point out that licensing an ESG index and passively holding isn't the same as impact investing in the way I think most people would intuitively understand that term
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