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These companies are not going to invest in new production anyway, they are going to return dividends to shareholders. You are setting up a straw man.
by selimthegrim 4y ago
These companies are not going to invest in new production anyway, they are going to return dividends to shareholders. You are setting up a straw man.
- namelessoracle 4y agoHaven't the oil companies stated they feel its doing more right by their investor putting the money back to the shareholders than invest in a project that has a likelihood of getting shut down by the government?
- frankharv 4y agoAfter watching sleepy Joe cancel the Keystone pipeline who in their right mind would invest in new infrastructure?
- collegeburner 4y agothey can't bc investors are scared af about what the future is. biden and his buddies been attacking oil and gas for years now then they wanna flip a switch and have everybody go back to investing in production. then 2 yrs from now they gonna go back to attacking it and straight up cancelling projects and refusing to permit shit and companies won't be able to pay off the assets. it was a mistake to focus on attacking o&g when alternatives still aint ready yet.
- selimthegrim 4y agoYou realize big hedge and mutual funds have started including ESG in their shareholder prospectuses too?
- collegeburner 4y agoyes lol but most of those just have to invest like 20% of their assets in esg or smth. esg is also more commonly exclude oil companies so they aren't the shareholders pushing that. it's kinda funny some of the big esg funds literally have energy companies as their top performing picks rn.