Of course, that hasn’t stopped the progressive celebrations over the news that Exxon will now have to place three reps from Engine No. As proof, they point to the world’s greenest company - electric-car maker Tesla - which feasts on government subsidies and barely turns a profit despite its much-hyped stock price. I know plenty of investors who aren’t convinced that green investing is anything more than a politically induced fad that will never make money, and wouldn’t get financing if it weren’t for government grants. Whether this sentiment expands beyond the woke is a matter of debate. Electric cars will soon be replacing gas guzzlers. Windmills apparently can produce efficient energy at a profit. These savvy veteran investors say making the world a better and greener place will translate into big earnings for companies and bigger returns for shareholders. 1 wants to make money with a progressive twist: The fund’s founders argue that there’s gold in green. Most activists - think Paul Singer and Carl Icahn - are in it for the money.
1, a small activist investor that just fought its way onto the board of what many wokesters consider the most vile company in the world: oil giant ExxonMobil. Progressives love the story of Engine No. Joe Biden can’t even fill in FCC post with leftist nomination We're Tikking a big risk - TikTok imperils US business Nancy and Paul Pelosi are trading large - with a wealth of hypocrisyīiden's bombed with business - and there's panic in the C-suite