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Ken's Blue Blog
Musings on "the bleedin' obvious"; views on the meaning of life, or anything else that takes my fancy.

Thursday, August 31, 2023

Past Your Sell By Date

Like it or not, there comes a time when we each of us become to old and decrepit to function in a high pressure environment.

You do yourself, and others, no favours by staying on beyond your sell by date.

Thursday, August 24, 2023

Advice To Putin's Double

 

Putin wears his watch on his right hand!

Monday, August 21, 2023

Advice To The BBC

 


powered cargo ships and wind powered sails have been around since the year dot!

Thursday, August 17, 2023

Happy Apocalypse Eve!

 


Tuesday, August 15, 2023

FAKE SAGE Proves Why Masks Don't Work

 



For those that are slow witted:

1 People can't wear masks 24/7 

2 The majority of masks worn by normal people were cloth or the crap ones demonstrated in the video

3 Covid is an endemic airborne virus, it ain't going nowhere and people are not going to wear masks 24/7 for the rest of their lives.

A plan that cannot be executed, because it relies on 100% perfect laboratory conditions, is a crap plan!

Wednesday, August 09, 2023

Having Your Climate Cake and Eating It!

  


You cannot simultaneously go for solar power and block the sun!

Monday, August 07, 2023

Thursday, August 03, 2023

Global Boiling My Piss


 

In an unexpected development it has actually stopped raining today!

Clearly a sign of global boiling!

Wednesday, August 02, 2023

ESG Is BOLLOCKS!


 

Don't fall for the hype of ESG, those who promote it will be out of work soon enough!

In 2021, Saudi Aramco raised $28 billion by selling bonds. These bonds were marketed as ESG-compliant, even though Saudi Aramco is a major producer of fossil fuels.

How did this happen? 

Well, there is a loophole in the way that ESG funds are regulated. These funds are not required to exclude companies that produce fossil fuels, as long as those companies meet certain ESG criteria.

In the case of Saudi Aramco, the company was able to meet these criteria by creating a complex web of financial structures. 

Aramco created two special purpose vehicles (SPVs) to issue the bonds. These SPVs had no direct links to Aramco, so they were able to get an above-average score in a widely used ESG screening.

As a result, the bonds were included in JPMorgan's ESG indexes, which are tracked by about $40 billion of assets under management. This meant that ESG investors were unknowingly investing in Aramco.

These structures allowed Saudi Aramco to sell its bonds without actually having to change its business practices.

This loophole is a major problem for the ESG investing industry. It allows companies like Saudi Aramco to greenwash their image and attract investment from ESG funds.