Perhaps some sanity is returning
‘Sustainable’ Investors Flee References to Climate Change
For more than a decade, money manager Garvin Jabusch would show a chart of the planet’s rising temperatures when pitching investment ideas to clients, saying they could help save the planet and still make money. These days, he no longer uses the chart and avoids talking about climate change.
“I’ve given up on anyone ever caring about that,” said Jabusch, investment chief of Green Alpha Investments, which manages about $300 million.
He isn’t the only climate-focused investor downplaying references to global warming and related topics. Parnassus Investments, the biggest US sustainable-investing firm, has removed references on its website that its funds are “fossil-fuel free.”
And Engine No. 1, the small activist firm that led the shakeup of ExxonMobil Corp.’s board in 2021, has removed wording on its web page that corporate performance is “greatly enhanced” by investing in workers, communities and the environment. The fund now says it invests in companies that are “powering innovation and driving the reindustrialization of the United States.”
Shifting messages to match changing markets is nothing new. But after four years of declining prices for green investments, as well as Republican attacks on behalf of Big Oil for allegedly shunning fossil fuels, sustainable investors are shifting their past talking points in increasing numbers. The election of Donald Trump, an avowed enemy on topics that fall under ESG investing who has called global warming a hoax, may have sealed the deal.
It’s just a matter of investors realizing that most of this is mule fritters. They won’t abandon projects that are “green” and/or environmentally responsible, but, so much they’ve been seeing really shows low to no return on investment.
The panicked retreat by investment firms also follows a year when clients pulled a record $20.1 billion from sustainable-investment funds, according to researchers at Morningstar Inc.
People invest mostly to make money themselves. There comes a time when they stop.
I meet with my financial planner once or twice a year. He is not for green energy or 0 carbon neutral B.S. and neither is his company. Over 2 years ago he recommended going in on oil/gas energy knowing full well it’s growth would depend on this election.
I am so glad I took his advice. Living up north near a solar farm about 10 miles from me has all the panels covered with snow and ice. My retirement is looking better and better. Thank you President Trump.
Ah the news is so great.
Canadians running for Prime Minister are threatening 100 percent tariffs on the USA.
A recent poll suggests that 1/3rd of Canadians favor Annexing Washington State, Oregon and California.
Trump is sending more troops to Poland. TO REPLACE TROOPS THAT WERE ALREADY THERE, stationed by Biden and Austin back in 2022.
Russia never showed up for the peace conference set for yesterday.
The USA lambasted the EU for trying to provoke a war with Russia, thus forcing the USA to fight it FOR THEM.
‘They didn’t want us’: Zelensky says US did not want Ukraine in NATO….OF COURSE WE DIDN’T. We promised Russia we would not expand NATO eastward if Ukraine took its nukes out of Ukraine. Then, after about 5 years and a new president….the march toward Russia began with a bunch of new countries joining NATO and hopscotching right to Russia’s doorstep.
Russia invaded Georgia after they begged NATO for membership…..Georgia borders Russia. Ukraine begged NATO membership so Russia invaded. Good or bad….Just imagine if Canada and MEXICO decided to JOIN forces with China and allow them to station troops in their country on the physical border with the USA.
Hell, the Monroe Doctrine has already gone to shit with China full-on invading Central and South America while the LEFT was obsessing over cutting boys dicks off.
The world is one FF’ed up place and Now Trump dares to talk to MODI of INDIA in the midst of all this and the EU whimps are so butt hurt they can barely utter a coherent statement.
What a wonderful world.
Weird. On 12 September 2001, NATO invoked Article 5 and member nations joined the US in all the subsequent actions!!
Weird in what way, Rimjob?