Reported about 1 month ago
Kyle Bass, a hedge fund manager, argues that the movement to ostracize fossil fuels in environmental, social, and governance (ESG) investing is unrealistic and has fueled backlash against the climate movement. He suggests that a more moderate approach is necessary, stating that the fossil fuel industry will coexist with renewable sources for decades. Bass advocates for energy efficiency, electrification, and long-term nuclear energy transitions, while also highlighting his strategy of investing in conservation projects that benefit the environment.
Source: YAHOO