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I agree. Imo, 99.99% of public discussion is driven by this motive...but that is probably because 99.99% of public discussion is always driven by that motive. T
by hogFeast 5y ago
I agree. Imo, 99.99% of public discussion is driven by this motive...but that is probably because 99.99% of public discussion is always driven by that motive. This is how people be.
On this issue specifically though, I would say that it makes no sense to engage with oil companies. They aren't big polluters (even companies with large downstream chemical operations aren't particularly big polluters, not zero but not huge either). I understand why investors aren't engaging with China or Iran but one of the biggest coal-fired power plants in the world is owned by a publicly-listed Polish company. South Korea, India, Germany, Indonesia, even Russia...very little engagement. What about airlines? Fund managers, and the executives that are ferried in for meetings, are voracious users of intercontinental air travel...nothing? What about the pollution in electric battery production? What about US coal miners? It just seems, so far, that fund managers are going straight for the least important part of the system. I believe that investors should engage with these issues but there is relatively little careful thought (there are exceptions, Chris Hohn is one).