Anti-ESG movement has investment case

Arch Resources

12/12/2022 17:11

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are his own.)
    By Robert Cyran
       NEW YORK, Dec 12 (Reuters Breakingviews) - American coal
firms are generating so much cash that at current rates, it
equals their market value, including debt, in under two years.
Oil firms like Exxon could earn back their value in five. Even
if recession squeezes profit and decarbonization looms,
valuations are too low.
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    CONTEXT NEWS 
    The S&P 500 Energy Sector Index is up 58% since the start of
the year. 
 (Editing by Lauren Silva Laughlin, Sharon Lam and Amanda Gomez)
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