Tesla dropped from ESG index while ExxonMobil stays
Last year CNBC reported: “Experts broadly agree that electric vehicles create a lower carbon footprint over the course of their lifetime than do cars and trucks that use traditional, internal combustion engines.” Source. Tesla is widely recognised as the “global EV leader” (source) and its mission is to “accelerate the world’s transition to sustainable energy” (source).
CNBC now reports: “The S&P 500 booted electric vehicle maker Tesla from its ESG [environmental, social, and governance] Index as part of an annual update to the list. Meanwhile, Apple, Microsoft, Amazon and even oil and gas multinational Exxon Mobil were still included on the list.” Source.
Okay then.