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by kennend3
1333 days ago
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> For example, ESG campaigning has successfully discouraged investment in oil and gas production especially in democratic Western countries. Can you provide proof? This post would disagree:
https://www.vancouverisawesome.com/highlights/rbc-competitio... "The report, which surveyed 60 banks around the world, found RBC had increased its investments in fossil fuel projects to nearly $38 billion from over $19 billion in 2020." Nearly doubling your investment in fossil fuel projects makes it seam like "ESG" has done nothing to "discourage investments". The bank named in the article has a "ESG" division as well. So if you want to be environmentally friendly, they are the bank for you. If you want to open a new fossil fuel well, they are the bank for you... |
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