“As energy stocks surged and tech tumbled, sustainable portfolios had a tough quarter.”
[COMMENTARY]I argue that most ESG funds are too concentrated in tech and financials. Though most of their investors desire a zero-carbon world, there’s no way we get there without massive new mineral (copper, silver, lithium, cobalt, etc.) — read mining — development. Many mining ventures are seriously engaging ESG in their operations and so could be incorporated into numerous ESG funds. Of course, getting ESG investors interested in mining is the holdup!
It’s Been a Rough Start to 2022 for Sustainable Investing Stock Strategies, by Lauren Solberg, April 13, 2022, Morningstar, USA.