[throwaway_oil]

Divestment or investment due to ESG score goals is effective. Internal decisions at F500 oil & gas companies are being made with ESG in mind due to the amount of capital increased scores open up.

Source: work for an oil & gas company

[shinryuu]

Do you know why Bill Gates would go out and tell it is ineffective?

[throwaway_oil]

He simply may not know. If the oil industry shows a willingness to increase these scores, investors could continue to set them higher, causing a death spiral of capital availability. The ESG-centric investor pitch is a private, C-suite affair.

[ZeroGravitas]

It's basically a sales pitch for his own investments.

He regularly says things that are questionable in this topic and ends with "and the company I'm investing in is the answer".

E.g. his pitch for modular nuclear is basically to talk down renewables.

[jfnixon]

Username checks out. I'd definitely believe Bill Gates over J Random Ycombinator any day of the week. And he's right, nuclear is the road to go on if you want reduced emissions.