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InvisibleAhab McBathsalts
OTD Windmill Administrator
Other User Gallery Ultimate Champion: Blackjack


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Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB Flag
Re: What's the least ethical asset you're invested in? [Re: Groovy Grant]
    #28521193 - 10/28/23 01:53 PM (2 months, 29 days ago)

Quote:

Groovy Grant said:
Short selling Shell is the opposite of unethical. Shell is one of those companies, that people don't realize just how awful they are. They fly under the radar, as they're not as well known as say Exxon, Chevron or BP. Although shorting Valero would be the ultimate as far as anti-unethical goes.




Valero is crack spreads. Tons of news lately about how the big auto companies are scaling back EVs due to low demand, Tesla isn't meeting numbers.

Even antidotically, we have a big EV program at the company here and lots of the admin staff are getting the EVs first and are complaining that they can't drive 300kms / 200 miles in winter in an older telsa. It doesn't meet the needs of an average driver. Newer cars, newer batteries keep getting better, but it's gunna be on the next economic cycle, 2-3 years from now.

Huge news on Siemens's energy asking for government bailouts in my industry. They are basically fucked. The wind turbine division is pulling down everything else including oil and gas. Might not go to zero, but think of it like how GM did in 2010. Equity might be fully wiped. They are asking for 15B Euros or Dollars, either or, it's a lot.


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"Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."


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InvisibleAhab McBathsalts
OTD Windmill Administrator
Other User Gallery Ultimate Champion: Blackjack


Folding@home Statistics
Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB Flag
Re: What's the least ethical asset you're invested in? [Re: Ahab McBathsalts]
    #28521200 - 10/28/23 01:57 PM (2 months, 29 days ago)

Wind turbines might be carbon ethical, but not really if it's the company culture that are putting out products are are failing within the first 2 years and the company is headed for bankrupcty.

I've always followed the Enron concept where I don't put my personal money in the industry I work in because diversification and all that. If you put all your eggs in the company and you have bad intel, you lose your job, lose your retirement fund. I'd rather have 90% in index funds, and play in TKO and WWE and get my salary from renewables.


--------------------
"Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."


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