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More ESG

Benedikt Sobotka, co-chairman of the Global Battery Alliance, said so-called ESG rules, which encourage investors to put money into green and socially responsible projects, are starving new mining projects of funds because they are perceived as dirty under current rules.

There’s no shortage of the metals themselves of course – but it’s entirely possible to have a surfeit of stupid rules.

11 thoughts on “More ESG”

  1. Who, pray, are the Global Battery Alliance?

    ‘People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the publick, or in some contrivance to raise prices’.
    Adam Smith

    I spy an ethical dilemma. Child labour is abusive. But to get rid of child labour in say the DRC, would involve licensing huge tracts of public and private land to rapacious international mining companies.

  2. If one is going to de-energise, one’ll necessarily end up exploiting not only child but every other sort of labour.

    Of course the noble heroes who advocate this are sure that the exploited will certainly NOT be them!!!

  3. So another gang of looters who’ve carved themselves a niche out of the proliferating greenery. Be interesting to know what they’re earning & who’s paying for them. Probably us.

  4. Meanwhile, various plants here and elsewhere are producing – at scale – carbon neutral clean petrol and diesel from atmospheric CO2 plus water plus electricity meaning that the whole electric battery car is not only pointless but more ‘polluting’ than the IC engined car running on said fuel. What’s more they are more ‘efficient’ – taking all aspects of efficiency into account – as such carbon neutral fuel is multiple times (80?) more energy dense that batteries.

  5. @BiS

    So another gang of looters who’ve carved themselves a niche out of the proliferating greenery

    Are you referring to the global battery alliance, the worshipful and not-at-all corrupt guild of esg scorers, or both?

  6. The Global Battery AllianceA partnership of 100+ businesses, governments, academics, industry actors, international and non-governmental organizations, the GBA mobilizes to ensure that battery production not only supports green energy, but also safeguards human rights and promotes health and environmental sustainability.

    That’d seem to qualify for a start

  7. Meanwhile, various plants here and elsewhere are producing – at scale – carbon neutral clean petrol and diesel from atmospheric CO2 plus…

    I didn’t think any were at scale, just yet – still demonstration / pilot stuff (but I’ve been wrong before), although some are contracting for full scale plants. One way or another, there’s no doubt that technology is coming.

  8. What if the grasses and other flora with their modern C3 chemistry were actually in charge, and humans their servants?
    They give us a few bones to make us think we can solve higher CO2 on our own, and feed ideas into handicapped school kids, but it’s all a plot to get us to cut down trees and let their grasses and their cousins rip while making us think we chose this path for ourselves.

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