Examining ESG

 T his week features a concentration on wind and batteries that investment managers focused on “sustainability” should find revealing.   Science Commentary on Climate: The Movie Washing away the climate lunatics Investment/Economics Wind Dreams: Why wind power will always be niche A Shockingly Inept Report From The IEA On Battery Storage Of Energy Battery Storage is 141 Times More Expensive Than Liquefied Natural Gas Storage The used electric car timebomb -  EVs could become impossible to sell because battery guarantees won't last Biden’s oil boom Absurdities This Single Chart Rings the Death Knell for Any Real 'Energy Transition' SCIENCE Climate: The Article   Look up Climate: The Movie if you think due diligence into the claims about climate change danger are worth considering. Here is an excerpt from a thoughtful commentary on the film and its contents, written by the remarkable Doomberg. "Considering t...

  SCIENCE Climatic consequences of the process of saturation of radiation absorption in gases  "This article provides a brief review of research on the impact of anthropogenic increase in atmospheric CO2 concentration on Earth's climate. A simplified analysis of resonant radiation absorption in gases is conducted. Building upon the material from the cited articles, theoretical and empirical relationships between radiation absorption and the mass of the absorbing material are presented. The concept of saturation mass is introduced. Special attention is given to the phenomenon of thermal radiation absorption saturation in carbon dioxide. By comparing the saturation mass of CO2 with the quantity of this gas in Earth's atmosphere, and analyzing the results of experiments and measurements, the need for continued and improved experimental work is suggested to ascertain whether additionally emitted carbon dioxide into the atmosphere is indeed a greenhouse gas." "...in t...

Once again we bring you a collection of news that does not bode well for ESG/DEI etc. The second science piece is especially important. Science • Unusual cold at both poles • Challenging net zero with science Investment/Economics • What should government do about carbon capture? • Blackrock energy pragmatism and legal warning • CSA guidance on ESG-related fund disclosure • The backlash is real: behind DEI’s rise and fall • America’s Top Public Companies De-Emphasize the ‘E’ in Environmental, Social, and Governance (ESG) Communications • Canadian fossil fuel subsidies hit $18.6 billion in 2023, says report • Bad News for Tesla Highlights the Looming Bloodbath for the US Auto Industry Absurdities • Industrial wind turbines are destroying rural wells! • Real COP 28 Learning Session: 'Responsible Yachting, Today and Tomorrow' SCIENCE Unusual Cold Plagues Both Northern, Southern Hemispheres….Arctic Sea Ice Strengthens  "The Australian continent saw tempera...

Imagine you are a leader for a company that manages investments or insurance products, and you have spent a bunch of money adding ESG/sustainable/responsible and the like capabilities to your stable of money managers. You also added ESG overlays to all your other management teams, paid consultants to design and implement all this and put ESG prominently in your marketing. Then, the investing public, financial advisors, and regulators started to recognize the deep errors and biases in the whole ESG movement, and found that much of the terminology you used, the claims you made, the marketing materials you created and the products you offered were firmly based on false scientific claims, false economic benefits, false social values and in fact were terribly harmful to humanity. Might some reputational, regulatory, and even legal damages follow? This blog is an effort to persuade Canadian and international investment managers to tread much more carefully before adopting ESG and similar ide...