Haven't the oil companies stated they feel its doing more right by their investor putting the money back to the shareholders than invest in a project that has a likelihood of getting shut down by the government?
they can't bc investors are scared af about what the future is. biden and his buddies been attacking oil and gas for years now then they wanna flip a switch and have everybody go back to investing in production. then 2 yrs from now they gonna go back to attacking it and straight up cancelling projects and refusing to permit shit and companies won't be able to pay off the assets.
it was a mistake to focus on attacking o&g when alternatives still aint ready yet.
You realize big hedge and mutual funds have started including ESG in their shareholder prospectuses too?
yes lol but most of those just have to invest like 20% of their assets in esg or smth. esg is also more commonly exclude oil companies so they aren't the shareholders pushing that. it's kinda funny some of the big esg funds literally have energy companies as their top performing picks rn.
After watching sleepy Joe cancel the Keystone pipeline who in their right mind would invest in new infrastructure?