Institutional Investor (August 23)
“Proponents and critics of ESG claim it can change society. Both will be disappointed.” During the past five years, ESG investing has taken off. “By the end of 2022, global ESG funds had attracted more than $2.5 trillion in assets.” Regardless of this clout and “whether or not asset managers are ‘woke,’ ESG doesn’t hurt oil companies or provide capital for solutions to avoid the worst impacts of climate change.”
Tags: $2.5 trillion, Asset managers, Assets, Capital, Change, Climate change, Critics, Disappointed, ESG investing, Impacts, Oil companies, Proponents, Society, Woke
Wall Street Journal (August 18)
“A fraying electric grid is a nationwide problem,” with estimates suggesting over $700 billion “will need to be spent to replace aging transmission lines and maintain grid reliability” as 60% of “U.S. distribution lines have surpassed their 50-year life expectancy” and the “average age of large power transformers is 40 years, twice their planned life span.” Meanwhile, “grid upgrades to achieve the net-zero promised land” are estimated to “cost another $2.5 trillion by 2050.”
Tags: $2.5 trillion, 2050, Aging, Electric grid, Fraying, Grid reliability, Life expectancy, Nationwide problem, Net-zero, Power transformers, Transmission lines, U.S., Upgrades
