The $5 trillion industry’s move against clean energy and green technology may prove more damaging than political pushback over “woke” capitalism.
This is the dumbest bet you can make and more or less the definition of lose/lose- if we fail to move off greenhouse gasses, what kind of mad max style future are you hoping to be rich in?
They probably believe their money will keep all those problems entirely contained within the filthy plebs’ living places. “Food is scarce? Oh well, tough luck, I can still pay! And I’ll also throw some of it away so the filthy plebs can fight to eat it, a demonstration of how goodhearted I am!!”
Not even, they mostly just don’t think about it. All they see is moneys, the end
But think about the INVESTORS!
All that money will keep them safe from the mad max, of course. /s
These hedge fund types are near-sighted idiots with horse blinders that can’t see beyond the next quarter.
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Oh yeah great because survival as a species is less important than half a point on the Dow next quarter. We’re fucking doomed, I’m gonna give up and I’ll be glad we chose not to have children.
They wouldn’t be capitalists if they didn’t try to make a buck from the crisis that they caused.
They have the money, of course they will bet on what they can control and makes them more money. It’s past time those fucking things get taxed into oblivion, like a 95% tax on every cent earned after 1 million. Managing to shut off tax havens would go a long way, too.
Despite the promises, clean energy and green technology stocks have lagged far behind the broader market. Deep-pocketed institutions are concluding that many climate investments won’t pay off as quickly, or as lucratively, as they’d hoped.
When you’re a hammer, everything is a nail. When you’re a hedge fund, everything is stonks. Fuck them. Blow them all up to hell.
So basically they are betting that Trump wins the election and hurts the energy transition, war in the Middle East hits the oil supply, which increases oil prices, EV factory production being too high, due to overinvestment and well solar being a problem in trade wars.
Trump might be solved in a month, the Middle East situation is temporary and a war would accelerate the energy transition as well helping EV manufcaturers thanks to high oil prices or well oil prices fall, which hurts the oil industries profit margin, but is great for the climate. Solar being mostly Chinese is a real problem though.
