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Started By
Message
Oil prices and esg scores
Posted on 6/7/22 at 11:08 am
Posted on 6/7/22 at 11:08 am
Many have speculated as to what the reason is for our oil and gas to be as high as it is. There are many factors that go into the price of a bbl of crude. Some here want to ignore what our current administration has done, and what they have stated. I am not a part of the financial side of the oil and gas industry, but I have spoken to them. What I have heard is that esg is one of the main, if not the main, culprit.
Esg investing doesn’t work
Esg is driving a credit crunch for oil and gas (7 months ago)
Biden plans to transition away from oil and gas
Esg investing doesn’t work
Esg is driving a credit crunch for oil and gas (7 months ago)
Biden plans to transition away from oil and gas
11
Posted on 6/7/22 at 11:09 am to jnethe1
We all know it’s solely Putin’s fault. No more explanation needed.
Posted on 6/7/22 at 11:40 am to carhartt
quote:
We all know it’s solely Putin’s fault. No more explanation needed.
lol
But let’s take that excuse and ask why they invaded Ukraine? They never would have done that under Trump, but they did under Obama and Biden. Weird right?
Posted on 6/7/22 at 12:28 pm to jnethe1
There's at least some pushback. Vanguard - the 2nd biggest asset manager in the world - refuses to rid their portfolios of fossil fuel investments:
LINK
quote:
The world’s second-largest asset manager Vanguard has refused to stop new investments in fossil fuel projects and end its support for coal, oil and gas production.
Chief executive Tim Buckley said the group, which manages $8.1tn for more than 30mn investors and is the largest investor in coal companies globally, was determined to safeguard its clients from climate risks but this would not require it to end new commitments to fossil fuel industries.
LINK
This post was edited on 6/7/22 at 2:01 pm
Posted on 6/7/22 at 1:29 pm to Big Scrub TX
Well that’s at least promising. But this is a tidal wave that we have to stop. It’s oil and gas now. Eventually it’ll be everything they don’t want you to do.
Posted on 6/7/22 at 1:33 pm to jnethe1
I've never thought to give my egg a score
but now that you mention it, I guess I like them more over easy as oil prices increase.
but now that you mention it, I guess I like them more over easy as oil prices increase.
Posted on 6/7/22 at 1:39 pm to Big Scrub TX
quote:
Chief executive Tim Buckley said the group, which manages $8.1tn for more than 30mn investors and is the largest investor in coal companies globally, was determined to safeguard its clients from climate risks but this would not require it to end new commitments to fossil fuel industries.
I have no doubt they refuse to divest in global fossil fuel markets, but the question is what will they do for domestic production.
Posted on 6/7/22 at 1:42 pm to jnethe1
Been sayin. And it is not just O&G, it is everything, the whole country.
Posted on 6/7/22 at 2:41 pm to jnethe1
quote:So all of the rich people are liberal?
Many have speculated as to what the reason is for our oil and gas to be as high as it is. There are many factors that go into the price of a bbl of crude. Some here want to ignore what our current administration has done, and what they have stated. I am not a part of the financial side of the oil and gas industry, but I have spoken to them. What I have heard is that esg is one of the main, if not the main, culprit.
Only liberals have money to invest?
The vast majority of the money is being invested by liberals?
Why don't conservatives start investing more money.
Geez, why would anyone be conservative if you don't have money to invest?
Posted on 6/7/22 at 2:41 pm to Big Scrub TX
The hedge funds and central bankers control esg. They are the problem. I don’t know how there hasn’t been a class action lawsuit yet
Posted on 6/7/22 at 2:47 pm to upgrayedd
quote:That might be a distinction without a difference. It's a global market.
I have no doubt they refuse to divest in global fossil fuel markets, but the question is what will they do for domestic production.
Posted on 6/7/22 at 2:50 pm to Slagathor
quote:
I've never thought to give my egg a score
You made me look to see if I misspelled it. lol
Posted on 6/7/22 at 2:51 pm to Salviati
quote:
So all of the rich people are liberal?
Only liberals have money to invest?
The vast majority of the money is being invested by liberals?
Why don't conservatives start investing more money.
Geez, why would anyone be conservative if you don't have money to invest?
What a stupid fricking take.
Posted on 6/7/22 at 2:52 pm to wareaglepete
quote:
Been sayin. And it is not just O&G, it is everything, the whole country.
Exactly
But how do we fight this? This is the way they will achieve all that they want without ever having to vote on it. Is this legal?
Posted on 6/7/22 at 2:53 pm to jnethe1
What is the lowest possible score? I need something to shoot for. 
Posted on 6/7/22 at 2:55 pm to Salviati
quote:
So all of the rich people are liberal?
Never said political affiliation, but ok.
quote:
Only liberals have money to invest?
Never said political affiliation, but ok.
quote:
The vast majority of the money is being invested by liberals?
Never said political affiliation, but ok.
quote:
Why don't conservatives start investing more money.
Never said political affiliation, but ok.
quote:
Geez, why would anyone be conservative if you don't have money to invest?
Never said political affiliation, but ok.
Posted on 6/7/22 at 2:57 pm to alphaandomega
quote:
What is the lowest possible score? I need something to shoot for.
Idk what the lowest is, but I’m in the negatives.
Posted on 6/7/22 at 3:00 pm to jnethe1
quote:
What I have heard is that esg is one of the main, if not the main, culprit.
It's a thing, but its not the main culprit. That would be a decade of irresponsible use of capital.
Posted on 6/7/22 at 3:02 pm to billjamin
quote:
It's a thing, but its not the main culprit. That would be a decade of irresponsible use of capital.
Well I’m going off what I’m told. I know the engineering side of things. If I’m wrong, sorry.
Posted on 6/7/22 at 3:04 pm to jnethe1
quote:
What I have heard is that esg is one of the main, if not the main, culprit.
It's not. Not even close.
Is it an expense? Yes. Is it the main culprit for the high oil prices right now? No.
All of these companies had the same ESG policies during the Trump years FWIW.
Signed,
someone that manages, tracks, and analyzes the "E" side of ESG for O&G
This post was edited on 6/7/22 at 3:04 pm
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