Opinions, Ideas and Markets TalkThe recent energy crisis, which lasted almost two years until 2023, seems to have made companies worldwide forget the importance of ESG. Even Germany has increased its use of coal to preserve its energy supply.
The choice between saving the planet and affordable electricity bills will be between saving the planet and affordable electricity bills. Otherwise, factories could close, weakening the economy, and that is something the government cannot allow.There are reasons to believe that we will not yet have regained the previous green momentum, including the growing need for electricity. Cryptocurrency miners are not the only ones to blame; tech companies are also.
Not surprisingly, Warren Buffett's Berkshire Hathaway recently bought another 2.95 million shares, bringing its total position in the company to 29%. However, oil is not the only beneficiary of the growing energy demand.