21-03-2024, 01:59 AM
One asked for, that want it
https://www.bloomberg.com/news/articles/2024-03-20/a-3-2-trillion-refinancing-wall-looms-for-high-carbon-issuers
Companies clearly don’t give a flying fuck. Yeah these are all oil companies but still doesn’t make my point invalid.
Here’s this gay nigga trying to push ESG further while denying he’s not trying to do it:
this guy says companies are at a risk if they don’t transition to ESG standards but clearly it doesn’t matter like no one gives a flying fuck not even the governments or anyone. Only these psychology/international policy major students who have I have done no real work syndrome that push for bullshit like this, not to mention their extreme mental illness. They are usually gay to make it worse. Fucking disgusting
https://www.bloomberg.com/news/articles/2024-03-20/a-3-2-trillion-refinancing-wall-looms-for-high-carbon-issuers
Quote:Jaakko Kooroshy, global head of sustainable investment research at LSEG, said the energy transition is already “in full swing” and has “completely remade the competitive landscape.” The question is how fast it will proceed, he said in an interview.
For investors, timing the transition is key, with a newly emboldened oil and gas industry doubling down on its core business. This week, Saudi Aramco Chief Executive Officer Amin Nasser told participants at the CERAWeek by S&P Global conference in Houston that the transition away from fossil fuels to cleaner energy sources is “visibly failing.” At the same event, Exxon Mobil Corp. CEO Darren Woods said the world is “not on the path to meet net zero in 2050” primarily because “nobody wants to pay for it.” And earlier this month, Shell Plc weakened its targets for CO2 cuts in the coming decade.
Companies clearly don’t give a flying fuck. Yeah these are all oil companies but still doesn’t make my point invalid.
Here’s this gay nigga trying to push ESG further while denying he’s not trying to do it:
Quote:There’s a “huge amount of uncertainty around this transition and how it will unfold,” said Kooroshy. However, he added that “if anybody tells you that the transition has stalled, I think you will need to take that comment with a grain of salt.”
LSEG is not making predictions about how the energy transition will unfold, Kooroshy said. Instead, it has calculated the size of what it calls carbon-intensive debt, a label that covers bonds issued by electric utilities, oil and gas producers and distributors, auto manufacturers, chemical companies, miners and airlines.
In an analysis that covered 9.3 million corporate debt securities issued since 1900, LSEG found that as of June last year high-carbon companies had $5.5 trillion outstanding, accounting for 29.5% of total non-financial corporate debt. Korea Electric Power Corp., Electricite de France SA, Petroleos Mexicanos, Toyota Motor Corp. and BP Plc were among issuers in the group with the biggest estimated refinancing need, according to the report.
LSEG found that bonds from carbon-intensive issuers tend on average to be larger, have longer maturities and attract higher ratings. If companies wish to take out new debt on similar terms, they will have to reckon with transition risk, said Kooroshy
this guy says companies are at a risk if they don’t transition to ESG standards but clearly it doesn’t matter like no one gives a flying fuck not even the governments or anyone. Only these psychology/international policy major students who have I have done no real work syndrome that push for bullshit like this, not to mention their extreme mental illness. They are usually gay to make it worse. Fucking disgusting
