World goes Woke!

Debt to finance companies’ plans to reduce pollution is likely the next phase in ESG-labeled debt markets in Canada, one of the world’s largest oil and natural gas producers

https://twitter.com/markets/status/1564280006611804163

https://www.bloomberg.com/news/articles/2022-08-29/transition-debt-is-next-leg-of-canadian-esg-markets-rollout?utm_content=markets&utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-markets&utm_medium=social

Sri Lanka 2.0 Soon.

Remember: Global energy Production

Anyway, this makes zero sense. So the shit is not profit orientated, so random. It doesn't need to be sustainable because of substitutions.

Is this not the same as the Netherlands happens ( in another way)?

ESG labeled debt markets are IMO like casino. If this shit blows up and it will be unsustainable, it can become the biggest bubble in human history, that can only work with more chips put in the game each time.

As long there is a "normal" financial market out, the impact from that bullshit will not be that big. But do we think this will be the case in the long run?

What if you only can get a loan for something the government decides is green technologies and not the market?

Efficiency would not matter anymore. Nobody would know what the real market demand is or how to price it.

If you know 1 positive outcome of ESG credit ( with the woke rules), post it in the comments.

At the end, people will have less freedom, less wealth and less happiness. It happens all the time gov things it is the smartest businessman in the room.

BTW, the market surpasses this year 1,5T USD (1,500,000,000,000$).

https://www.investmentexecutive.com/news/research-and-markets/esg-bond-market-poised-for-new-heights/

https://www.spglobal.com/ratings/en/research/articles/220207-global-sustainable-bond-issuance-to-surpass-1-5-trillion-in-2022-12262243

Remember they told Elon musk that 8 Billion or something like that could end world hunger?