When it comes to ESG, a policy that encourages and even forces companies and government entities to make economic decisions based on environmental, social, and governance factors, it is time we used the “nuclear option.”
Despite the supposed urgency of moving the world away from fossil fuels, ESG advocates have arrived at a surprisingly uncritical consensus about what constitutes “renewable” or “clean” energy. Solar and wind power receive the most emphasis but are too unreliable to power entire electric grids. Even cleaner fuels such as processed hydrogen require significant electricity to produce. Hydropower amounts to little more than a controversial footnote due to its limited geographic practicality and its potential impact on local habitats.
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