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> For example, ESG campaigning has successfully discouraged investment in oil and gas production especially in democratic Western countries. Can you provide pr
by kennend3 4y ago
> For example, ESG campaigning has successfully discouraged investment in oil and gas production especially in democratic Western countries.
Can you provide proof?
This post would disagree:
https://www.vancouverisawesome.com/highlights/rbc-competition-bureau-application-climate-change-5288687 https://www.vancouverisawesome.com/highlights/rbc-competitio...
"The report, which surveyed 60 banks around the world, found RBC had increased its investments in fossil fuel projects to nearly $38 billion from over $19 billion in 2020."
Nearly doubling your investment in fossil fuel projects makes it seam like "ESG" has done nothing to "discourage investments".
The bank named in the article has a "ESG" division as well.
So if you want to be environmentally friendly, they are the bank for you. If you want to open a new fossil fuel well, they are the bank for you...