at the risk of confirmation bias, I too have been thinking about...

at the risk of confirmation bias, I too have been thinking about this
ESG movement of late and the secondary consequences.

I'm not at all worried about the short term share price movement for
NHC, as it wouldn't surprise me if Soul Patts feels pressure to
continue to divest from NHC.

I'm a big advocate of clean power and a big supporter of Nuclear
energy (and am a shareholder in Kazatomprom, Paladin and Boss Energy),
but I'm also cognizant of the need for energy increases in the
developing world and the practicalities, and limitations on
renewables. Page 5 of the latest adaro presentation describes 45 mil
without electricity just in south east asia.

http://www.adaro.com/files/news/berkas_eng/2050/AE%20Presentation%20May%202021.pdf

Over the last couple of months I've been building a basket of Coal and
Oil and Gas stocks. CNOOC and GAZP for oil and gas, NHC, Adaro, BTU
and CRN for Coal.
I just can't see the majors (BP, Shell, Exxon, Chevron, Total, BHP,
Rio etc) being able to justify sign capex in fossil fuels to their
investors despite the financials, so I see big supply risk as @madamswer
has described.

While I don't have a strong feeling on whether inflation will be
transitory or sustained, I think there is a definite risk inflation
will increase (esp seeing the US GDP prints lately), and I don't think
there is a better place to park money than in Energy stocks.