Source link : https://tech365.info/green-eu-funding-funds-stuffed-with-fossil-gas-corporations/
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To begin with, let me word that I’m an enormous fan of the ESG motion. Folks ought to be investing in corporations with good environmental, social, and governance (ESG) insurance policies, and the motion to take action has had many strongly optimistic results. Nevertheless, because the motion has scaled up and grow to be mainstream, there’s been some apparent nook slicing and, dare I say, blatant dishonest of the system. One downside that has been raised a number of occasions earlier than is inclusion of fossil gasoline corporations in ESG or “green” funding funds. A brand new investigation from the Guardian and Voxeurop surfaces this downside once more.
The investigation discovered that “green” funding funds in Europe maintain greater than $33 billion in investments in oil and fuel corporations. $33 billion in fossil gasoline corporations!
The argument, presumably, is that these corporations are doing inexperienced issues. We have to help that, proper? Effectively, if I’m rolling round 24/7 in a large coal-rolling diesel truck after which I journey my bike to the park as soon as a month, do I actually deserve reward and help for that?
Greater than $18 billion of this “green” funding has been invested in TotalEnergies, Shell, ExxonMobil, Chevron, and BP — the 5…
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Author : tech365
Publish date : 2025-05-18 17:17:00
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