ESG In The Oil Industry: Striking A Balance

Environmental, social, and governance investing has lately lost some of its luster. Research reveals that it is not more profitable than ordinary investing, and doubts abound concerning what is, in fact, ESG, and whether it might be nothing more than an empty designation. The latter question heated up when Tesla’s Elon Musk slammed the whole ESG rating system when none other than Big Tobacco major Philip Morris scored higher on an ESG index than the EV maker. As a result of these doubts, there has been a push to standardize ESG…