Episode 49

The Angry Clean Energy Guy on pretty much everything you need to know about ESG, starting with the need to be very suspicious whenever you see an ESG label on an investment product.  ESG has become a huge business, with one dollar out of every 3 professionally managed dollars in the US for example labelled “ESG” (and an even greater proportion in Europe).  The trend is clear and pretty much 100% of funds under management will have an ESG label soon. But in order for this to have a material impact in the fight for clean air, against climate change and against environmental destruction, we need global ESG standards and we need to divorce the “E" from the "S" and the "G". Then, we need to price the "E": Climate risk isn't just a disclosure issue and should be priced into earnings, as should other environmental risks. Then we would have a chance to change the world.