ESG Score Stopping Investments in Oil & Gas

[JohnyMac]

First we had the newly minted President shut down pipe lines. Then we had the same failing President prohibit drilling in the  Arctic National Wildlife Refuge. Since this time last year, we have seen petrol and diesel climb by at least a dollar a gallon. I wonder if this is a coincidence or there is a reason why fuel prices continue to rise.

Well apparently thanks to fossil fuel producers low ESG (Environmental, Social, Governance) score, investment in these companies has dropped off the edge of the cliff. I wonder if this is a play by the government to take over our fossil fuel industry not unlike how Hugo Chavez of Venezuela did in the late 90's. Oh wait. Isn't that country now a socialist country where 75% of the population survives on a dollar a day.

Investors are increasingly paying attention to environmental, social, and governance factors, and for midstream oil and gas companies, environmental concerns are paramount. Pipeline companies are ?enablers? that encourage downstream consumption of fossil fuels, making them partially accountable for the greenhouse gas emissions that follow. Most midstream companies also emit waste gases directly, and the regular occurrence of pipeline spills creates a negative buzz around the industry, inviting further ESG scrutiny. - M0RNINGSTAR

"They" are attacking all aspects of your life. So many, it is hard to keep track. Only 382-days left till the mid-terms. Stay tuned 

 

[grizz]

First we had the newly minted President shut down pipe lines. Then we had the same failing President prohibit drilling in the  Arctic National Wildlife Refuge. Since this time last year, we have seen petrol and diesel climb by at least a dollar a gallon. I wonder if this is a coincidence or there is a reason why fuel prices continue to rise.

Well apparently thanks to fossil fuel producers low ESG (Environmental, Social, Governance) score, investment in these companies has dropped off the edge of the cliff. I wonder if this is a play by the government to take over our fossil fuel industry not unlike how Hugo Chavez of Venezuela did in the late 90's. Oh wait. Isn't that country now a socialist country where 75% of the population survives on a dollar a day.

Investors are increasingly paying attention to environmental, social, and governance factors, and for midstream oil and gas companies, environmental concerns are paramount. Pipeline companies are ?enablers? that encourage downstream consumption of fossil fuels, making them partially accountable for the greenhouse gas emissions that follow. Most midstream companies also emit waste gases directly, and the regular occurrence of pipeline spills creates a negative buzz around the industry, inviting further ESG scrutiny. - M0RNINGSTAR

"They" are attacking all aspects of your life. So many, it is hard to keep track. Only 382-days left till the mid-terms. Stay tuned 

I dont think mid terms will make any difference regardless of who wins. The deepstate is far too deep and has their thumb on everybody. Parents dont even have a say in what their kids are being taught and tax payers who also have a financial interest in education, have even less of a voice

I once predicted the great reset was about 20 years out and now I see it within 2 years

[FeedingFreedom]

Well apparently thanks to fossil fuel producers low ESG (Environmental, Social, Governance) score, investment in these companies has dropped off the edge of the cliff. I wonder if this is a play by the government to take over our fossil fuel industry not unlike how Hugo Chavez of Venezuela did in the late 90's. Oh wait. Isn't that country now a socialist country where 75% of the population survives on a dollar a day.

We've had some long discussions about this happening in our AO. Especially if we have a super-cold winter or two in a row. It'll be the "humanitarian" thing to do, so everyone can have heat and electricity. For all their yammering about the environment and climate, they know you can't beat physics, they still need a massive source of energy or they'll quickly lose their grip on power.