InvestorsHub Logo

Prudent Capitalist

02/09/24 12:30 PM

#108119 RE: MasstrichtMan #108118

Good points, and I am no fan of ESG anywhere. But, I suspect what Mark was referring to at the November 22' town hall when he said that lenders were now requiring it was the fact that EXIM requires it, and he likely knew after EXIM rules changed to allow domestic loans in the US, that with EXIM's very favorable terms and the keen interest in Washington for our project, that the auditable ESG program was a must regardless of where we ended up getting the debt portion of the funding.

ColdDarkHole

02/09/24 12:48 PM

#108120 RE: MasstrichtMan #108118

ESG is communism with a nice feel good fuzzy wrapper. If something is unpopular with the voting public, keep calling it something else until the masses don't recognize it. Rinse and repeat as needed. Be sure to make it mandatory also.

PutzMueler

02/09/24 12:56 PM

#108121 RE: MasstrichtMan #108118

ESG it’s not directed at mines in North America. The only way we can be competitive around the world and still be worthy of calling planet earth home. No I’m not a tree hugger I’ve done my share of pollution, but when you’re consistently watching others succeed while taking advantage of society at large, where do you draw the line?
And how do you keep track of that line?

Example may be a Gold miner in Canada may pay his miners $70 an hour compared to a gold miner in Uganda who pays children $.70 a day. I don’t know if either of those two dollar amounts is even close, I’m just making an example of how I feel about it.

If a miner in Canada gets hurt he will go to the hospital