Will ESG Create The Next Lehman Moment
Ever since I can remember, billionaires have been taking private jets to conclaves where they strategized on how to reduce other people’s carbon emissions. At the time, I thought little of it—billionaires need hobbies and all. Besides, true billionaire credentials are gained when a squadron of luxury jets arrives to lecture some impoverished country on why they don’t deserve electricity. It is as cringeworthy as Marie Antoinette advising starving Parisians to eat cake since they couldn’t afford bread. Then again, part of being a billionaire is proving how tone-deaf you can be, while getting away with it. Boys will be boys…
