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20 December newsletter: > When you go to an ESG fund manager and say “hey wanna buy up all the coal mines” she is going to say “what no absolutely not.” And th
by scatters 5y ago
20 December newsletter:
> When you go to an ESG fund manager and say “hey wanna buy up all the coal mines” she is going to say “what no absolutely not.” And then you say “no hear me out, you are a better owner of coal mines than the alternative, this is better for the climate in the long run,” and you explain how, and she says “hmm yes your logic is impeccable,” and you say “so you’re in?” and she says “no absolutely not”.
The bank was Citi, and the fund was to have been called "Coal to Zero".
- gumby 5y agoThanks for finding this.