3 events that have just swung in HIO's favour, page-7

My take on ESG, with the Uk about to enter another heatwave of 37 degrees, Lake Mead now dry combined with a massive shortage of fertiliser and grain about to force a billion into starvation etc etc, is that the world has radically changed, just as we are about to reap the rewards of pumping way too much greenhouse gas into the biosphere that until now has been absorbed by the ocean. Its now saturated with heat and carbonic acid, so the feedbacks are now atmospheric which affects we humans directly in the form of extreme weather events, fires and sea level rises.

Events have shown it will force countries to put themselves first which will inevitably lead to conflict, if you have no food for your family but an AK47, whatcha gonna do? The first world will generally be ok, bad luck for others, although even countries like Germany, with a now dry transport superhighway which is the Danube, dependence on dwindling supplies oil and gas from Russia and poor sun and wind resources, may suffer badly. Brazil for instance, has poor rain leached soils dependent on massive amounts of imported fertilser with barely enough for this seasons crop as countries with potash etc ban exports due to shortages created by the Ukraine conflict on top of farmers dealing with climate change that is reducing yields as 30% of cropland is out of the once optimal climate conditions they once enjoyed.

The good old days of endless carefree growth, relative peace and abundance that we have experienced in our lifetimes are rapidly dissapearing in the rear view mirror. Many still don't believe it, they need to get out of their self reinforcing belief eco chambers and open their alogarythms and eyes to the new reality, as there is no going back to the fossil fueled past. Thats because the worst case climate change genie has escaped out of the bottle, not the perpetual end of century we all hoped for, but in a sudden whoosh.... and cannot be put back in ......for centuries to come.

Now the pressure on organisations to do something about it is getting stronger by the day. And they will act, if only because green energy is now way cheaper than gas, coal and nuclear as long as you have wind and sun. On the bright side, the new US green hydrogen $3 per kg tax break will be a profound gamechanger because there are new H2 production technolgies that allow it to be produced for about this, or even less..... = near free clean green storeable energy for the likes of 24/7 steel production. So you can have as many world confereneces and agreements as you like but we all know what really motivates corporations ....is their hip pocket no matter what they say. So my guess is WIFM rather than ESG will help dig us out of the climatic hole we have created for ourselves, even if it is becoming clearer by the day, not all of us are going to make it out unscathed.