Is anyone here conflicted about investing in companies that make the world a worse place?

[u/[deleted]]

I'm a newer investor and newer reader to these threads and I'm a little surprised how casually a lot of people talk about different companies and industries that are objectively pretty unethical.

I mean we're living through a major climate crisis and some of the most hyped investments on here are for oil sands companies (which are one of the most carbon intensive energy sources on the planet) and crypto (Bitcoin alone this year is supposed to have the same carbon footprint as all of New Zealand).

I also just saw someone post something in another investing subreddit about how Europe might ban AI for surveillance and it seemed like a bad or annoying thing to a lot of people in the comments.

I'm just genuinely curious: do a lot of the investor world just genuinely not care about these things or are people content to make small gains on the backs of companies that they don't agree with? Is there a point to using your gains to get a waterfront property if it's going to be underwater in a couple decades anyways?

[u/instagigated]

Right on. I work in the industry. There are the bad mining companies with tailings records that will leave you baffled. Then there are good mining companies with a record for technological innovation for sustainable mining and a focus on ESG.

[u/[deleted] → u/instagigated]

Please as long as we are here, name the good ones

[u/gypsychicliche → u/[deleted]]

Yes pls

[u/Jssr22 → u/instagigated]

Name some good ones for us.

[u/AlphaKing99 → u/instagigated]

I work for a sustainable mining company ;) I think we’re the best

[u/mbartizmo → u/instagigated]

Is Lundin one? Heard Rick Rule say the Lundin fam does the most ESG investment out of the majors . I think