Peak ESG occurred in December 2023 after COP28, and the ideology is now being 'washed away by physics' — evidenced by record coal, natural gas, and oil production in 2024, India bringing ~300 new coal mines online, and China building coal-to-chemicals (synthetic fuel) plants at a scale material to the oil market.
forecastpending
Speaker
DoombergEvidence Quote
“Record coal production, record natural gas production, record oil production... China is burning an enormous amount of coal to make oil products to wean itself off of uh its oil dependency.”
Source
Russia's Energy Deal With China Changes Everything - EU 'Biggest Loser': Doomberg— Commodity CultureCreated: 6/18/2026, 1:57:45 PM
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