ESG fallacies and their dangers

ESG policy is a fallacy and proving to be a very destructive one at that. We do not have a perfect world and oil and coal are used in countless ways and not it’s not going anywhere possibly ever. The best that can be done with the less savory forms of energy, is make better technologies to lessen their downsides and start incorporating better forms to take over when feasible.

Nuclear is a phenomenal source of energy and should take up most of the energy source pie in the future and I’m confident this is happening, but we need all of what we have in way of energy sources and to not get ahead of ourselves with political hyperbole.

Sexy sounding sales pitches on utopian futures can get things into dark places when they lose touch with reality and the reality is we need all these forms of energy at the moment and to act like they can be discarded overnight is dangerously foolish.

Also, if nuclear isn’t already the leader of the ESG movement and discussion, how legitimate are these policies and agendas anyway? $S&P 500 Index(.SPX.US)$ $SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$ $ESG Investing(BK2571.US)$ $Tesla(TSLA.US)$