Avoid climatic resignation

Ford’s UK boss this week worried that extreme heat would cause drivers and investors to simply give up, putting the carmaker’s multi-billion-dollar EV ambitions in jeopardy.

Driving the news: “We are in danger of making it look like the world is on fire; it’s too late”, Tim Slatter said Bloomberg.

Status of the situation: The comments came as the UK’s Conservative leadership is considering backtracking on some of the government’s ambitious climate targets amid a protest over rising energy costs.

Meanwhile, also in the UK, investors in the last three months have withdrawn more than $1.3 billion of ESG-oriented investments, seeking safer harbors during the global macroeconomic cooling.

Bottom line: What to do with all this? The data does not offer much, although there are differences depending on the sector.

• Electric vehicles in the US are piling up on dealer lots, partly due to their higher sticker prices, partly due to ongoing freight concerns. And maybe – a publication postulates — because American wages have stagnated.
• Global investment in renewable energy, by contrast, is booming.