In recent times, the corporate landscape has witnessed a significant shift as Environmental, Social, and Governance (ESG) initiatives gain traction among investor and consumer groups. Companies operating in carbon-centric industries, particularly those involved in fossil fuel extraction, are experiencing challenges in securing new funding. One such company, Nashville-based driller Alpine Summit Energy Partners, has made headlines by seeking bankruptcy protection, citing the lack of funding in the oil and gas industry due to growing ESG and sustainability concerns. However, a closer examination reveals that the company’s woes may be attributed to a failure to respond to investor sentiment and adapt to recent changes in disclosure regulations by the U.S. Securities and Exchange Commission (SEC).
The ESG Landscape and Alpine Summit’s Downfall:
ESG initiatives are driving investors…
