Musk could definitely be the catalyst for this. If he buys Twitter and makes it profitable, he could completely destroy the ESG narrative. Investors following the ESG framework are already getting antsy because they're starting to realize they'll never get the returns they were promised.
If Musk pulls out of the Twitter deal, after having provoked them into inadvertently exposing all of the shady and dishonest practices they had been engaging in to mislead investors, Twitter stock will crater, and that would have a knock-on effect for the rest of the big Silicon Valley stocks. Either way, the credibility of ESG would be seriously damaged.
It’s not that the ESG-compliant companies are fearing no returns - those companies are gonna get their printed funny money regardless. It’s more that the whole scheme will, long term, almost certainly collapse the global economy, which is why the only hope we have is benevolent billionaires like Musk.
I’m not happy about that last part, but it is what it is.
Musk could definitely be the catalyst for this. If he buys Twitter and makes it profitable, he could completely destroy the ESG narrative. Investors following the ESG framework are already getting antsy because they're starting to realize they'll never get the returns they were promised.
If Musk pulls out of the Twitter deal, after having provoked them into inadvertently exposing all of the shady and dishonest practices they had been engaging in to mislead investors, Twitter stock will crater, and that would have a knock-on effect for the rest of the big Silicon Valley stocks. Either way, the credibility of ESG would be seriously damaged.
It’s not that the ESG-compliant companies are fearing no returns - those companies are gonna get their printed funny money regardless. It’s more that the whole scheme will, long term, almost certainly collapse the global economy, which is why the only hope we have is benevolent billionaires like Musk.
I’m not happy about that last part, but it is what it is.