10 ms·

So a one stop shop to look up which corps invest in ESG-mandated feel-good BS? Noice.

by x3874 3y ago

version_five 3y ago
If it's atmospheric capture or un-gamed diversion of emissions, I think it's a win. If it's carbon offsets tied to an existent forest or whatever, I agree with you.
- bertil 3y ago
  Those seem to be mostly serious approaches, i.e. no offset on historical forests, but they include some approaches that are not as obvious as direct air capture.
justanotheratom 3y ago
What is the problem if this were ESG-mandated. Can you point me to any writing on the subject? I want to understand.
- version_five 3y ago
  If this is a serious comment it should be very easy for you to look up criticisms of esg investing. I'm not sure what you're hoping for from the OP.
  - hedora 3y ago
    I looked up some criticisms, which boiled down to: - 79% of Americans support ESG investing. - Republicans are more likely than Democrats to oppose interference in ESG investment strategies. - Some Republicans, especially DeSantis, are trying to start an anti-ESG culture war, but it hasn’t had much impact on investment holdings. - Some Democrats think ESG is a scam because some of the stuff it screens for doesn’t actually improve the environment or social justice. (For instance, some ESG indexes measure resilience against climate change instead of taking action to avoid climate change). So, I’m really not seeing what point you are trying to make. The above is mostly from Forbes, who are obviously pro-business. The critique about ESG not being progressive enough is from the Atlantic.
honeybadger1 3y ago
On the nose.
tensor 3y ago
I can't actually see a way to see for a given corporation, how much of their purchased offsets have been delivered and by what methods, so I guess it doesn't work for that.
- n2parko 3y ago
  hmmm...were you able to click/search for the company? check this out: https://www.cdr.fyi/purchaser/microsoft https://www.cdr.fyi/purchaser/microsoft
Aachen 3y ago
Capturing carbon is feel-good BS now?
- vermilingua 3y ago
  Purchasing carbon capture credits is. The dashboard states front and center 1.9% delivered, and I wouldn’t be surprised if that’s the all time peak.
  - Aachen 3y ago
    That's not what this site shows. The numbers are way too low, this cannot include the (indeed) BS like paying a farmer 10 bucks not to remove a tree in the next year or planting trees and pretending on paper like they'll all grow to maturity. Also confirmed in the discussion elsewhere in this thread: https://news.ycombinator.com/item?id=36190193 https://news.ycombinator.com/item?id=36190193 Baseless criticising of a good thing is what I'd call BS, rather than the companies showing up on this site... (To be clear, prevention is better than capture from a very simple return on investment perspective, but if these companies would rather pay someone to clean up their mess than do it themselves, and are willing to pay that capture premium.. be my guest. Net zero is net zero. If they price themselves out of the market because capture is so costly, that's their own problem.)
  - RetroHippyNimby 3y ago
    The delivery curve is pretty clearly exponentially increasing, so yes, it would make intuitive sense that delivery is at an all time peak, because delivery is rapidly increasing. It would be much more concerning if the all time peak was historical, and it was post peak. That would indicate something negative. Being at an all time peak is a strongly good sign.
- tillinghast 3y ago
  No. It has always been feel-good BS.

So a one stop shop to look up which corps invest in ESG-mandated feel-good BS? Noice.

by x3874 3y ago

So a one stop shop to look up which corps invest in ESG-mandated feel-good BS? Noice.

If it's atmospheric capture or un-gamed diversion of emissions, I think it's a win. If it's carbon offsets tied to an existent forest or whatever, I agree with you.

bertil 3y ago
Those seem to be mostly serious approaches, i.e. no offset on historical forests, but they include some approaches that are not as obvious as direct air capture.

justanotheratom 3y ago

What is the problem if this were ESG-mandated. Can you point me to any writing on the subject? I want to understand.

version_five 3y ago
If this is a serious comment it should be very easy for you to look up criticisms of esg investing. I'm not sure what you're hoping for from the OP.
- hedora 3y ago
  I looked up some criticisms, which boiled down to: - 79% of Americans support ESG investing. - Republicans are more likely than Democrats to oppose interference in ESG investment strategies. - Some Republicans, especially DeSantis, are trying to start an anti-ESG culture war, but it hasn’t had much impact on investment holdings. - Some Democrats think ESG is a scam because some of the stuff it screens for doesn’t actually improve the environment or social justice. (For instance, some ESG indexes measure resilience against climate change instead of taking action to avoid climate change). So, I’m really not seeing what point you are trying to make. The above is mostly from Forbes, who are obviously pro-business. The critique about ESG not being progressive enough is from the Atlantic.

honeybadger1 3y ago

On the nose.

tensor 3y ago

I can't actually see a way to see for a given corporation, how much of their purchased offsets have been delivered and by what methods, so I guess it doesn't work for that.

n2parko 3y ago
hmmm...were you able to click/search for the company? check this out: https://www.cdr.fyi/purchaser/microsoft https://www.cdr.fyi/purchaser/microsoft

Aachen 3y ago

Capturing carbon is feel-good BS now?

vermilingua 3y ago
Purchasing carbon capture credits is. The dashboard states front and center 1.9% delivered, and I wouldn’t be surprised if that’s the all time peak.
- Aachen 3y ago
  That's not what this site shows. The numbers are way too low, this cannot include the (indeed) BS like paying a farmer 10 bucks not to remove a tree in the next year or planting trees and pretending on paper like they'll all grow to maturity. Also confirmed in the discussion elsewhere in this thread: https://news.ycombinator.com/item?id=36190193 https://news.ycombinator.com/item?id=36190193 Baseless criticising of a good thing is what I'd call BS, rather than the companies showing up on this site... (To be clear, prevention is better than capture from a very simple return on investment perspective, but if these companies would rather pay someone to clean up their mess than do it themselves, and are willing to pay that capture premium.. be my guest. Net zero is net zero. If they price themselves out of the market because capture is so costly, that's their own problem.)
- RetroHippyNimby 3y ago
  The delivery curve is pretty clearly exponentially increasing, so yes, it would make intuitive sense that delivery is at an all time peak, because delivery is rapidly increasing. It would be much more concerning if the all time peak was historical, and it was post peak. That would indicate something negative. Being at an all time peak is a strongly good sign.
tillinghast 3y ago
No. It has always been feel-good BS.