I saw Tucker’s bit on the ESGs I thought I was comprehending the concept but there’s a question in my head that didn’t seem to get answered;
Knowing how opportunistic investors, capitalists, and speculators can be, why aren’t there people/groups/institutions hawking up the low fruit that is being left by the ESG colluding managers and firms?
I know Musk (for example) isn’t exactly a right-winger, but he certainly doesn’t seem to be huge freinds with the wokesters either, and it tends to be a rebel in his way of doing things.
Is there really noone willing to buck the woke capital investment trend?
No one wants to back it when the power of government makes it nearly impossible. The Government loves ESG scores, and will tax and regulate your company based on it.
As I pointed out elsewhere, 80% of the oil produced on this planet comes from national oil companies.
If these shale people go private, they will be 1000% more easy to nationalize. Though maybe no one would bother. Shale is diesel light.
Because the investment banks will block any energy related loans, and Wall Street brokerages, analysts, and media will black ball you.
Everything is ultimately controlled by the Feral Government™'s abuse of power via "Administrative Law".