By Chris Bailey of Financial Orbit | Sunday 22 September 2019
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I do have a little sympathy with the green brigade because if you think about the essence of economics, it is all about the efficient and sustainable use of factors of production. However, where even the financial world has gone mad is the rise and rise and rise of environmental, social and governance (ESG) investing, which has certainly overhung shares in sectors such as tobacco, energy and the automotive space globally. And do not even get me started on green activists who do not want to fly on planes or start families until climate change issues are 'sorted'.
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