{"id":1961698,"date":"2023-06-30T16:33:01","date_gmt":"2023-06-30T20:33:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/europe-too-focused-on-esg-glencore-ceo-says\/"},"modified":"2023-06-30T16:34:42","modified_gmt":"2023-06-30T20:34:42","slug":"europe-too-focused-on-esg-glencore-ceo-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/europe-too-focused-on-esg-glencore-ceo-says\/","title":{"rendered":"Glencore CEO criticizes Europe&#8217;s excessive focus on ESG."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feurope-too-focused-on-esg-glencore-ceo-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1961698&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Glencore CEO Criticizes European Investors for Prioritizing ESG over Financial Returns<\/h2>\n<p>During a mining event in London, Glencore CEO Gary Nagle expressed his concerns about European investors&#8217; focus on environmental, social, and governance (ESG) factors, which he believes are overshadowing <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-three-investment-firms-are-turning-companies-like-disney-woke-and-what-you-can-do-to-fight-back\/\" title=\"How Three Investment Firms Are Turning Companies Like Disney Woke (And What You Can Do To Fight Back)\">financial returns<\/a>. Nagle defended Glencore&#8217;s decision to consider a spinoff of its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/teck-approached-by-other-companies-while-fending-off-glencore-offers-globe-and-mail\/\" title=\"Teck approached by other companies while fending off Glencore offers -Globe and Mail\">coal business<\/a> in New York instead of London, emphasizing the contrasting financial considerations and priorities between U.S. and European investors.<\/p>\n<h3>U.S. Investors: Pragmatic and Yield-Oriented<\/h3>\n<p>Nagle praised U.S. investors as being more pragmatic compared to their European counterparts. He highlighted the conversations he had with U.S. investors regarding the New York spinoff, which revealed their emphasis on financial returns and yield. In contrast, Nagle observed that European investors often prioritize ESG factors, sometimes placing returns lower on their list of priorities.<\/p>\n<p>As oil and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/putin-wants-unfriendly-countries-to-pay-for-russian-gas-in-roubles\/\" title=\"Putin Wants \u201cUnfriendly\u201d Countries to Pay for Russian Gas in Roubles\">gas majors<\/a> like Shell and BP face higher valuations in the United States, despite softening their climate commitments and investing in new production and exploration projects, Nagle believes American investors take a more practical approach to ESG, focusing on yield rather than solely on environmental concerns.<\/p>\n<h3>Potential Listing in New York<\/h3>\n<p>Although Glencore is not actively considering a move to New York, Nagle did not rule out the possibility of relocating the company&#8217;s listing in the future. He stated that if Glencore feels undervalued and unable to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/europe-too-focused-on-esg-glencore-ceo-says\/\" title=\"Glencore CEO criticizes Europe's excessive focus on ESG.\">attract sufficient capital<\/a> in London, a move to New York could be considered. However, he clarified that this is not currently under consideration.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\">Click here<\/a> to read more from The Washington Examiner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Glencore CEO Gary Nagle criticized European investors for prioritizing ESG factors over financial returns. At a mining event in London, Nagle defended Glencore&#8217;s plan to spin off its coal division, highlighting the need for a balanced approach. He urged investors to consider both environmental concerns and profitability.<\/p>\n","protected":false},"author":1,"featured_media":1961699,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1961698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1961698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1961698"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1961698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1961699"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1961698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1961698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1961698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}