Is ESG a Scam? | Lucy Shaw | Substack

Recent posts

Who's telling the truth about the cost of net zero?

No wonder people are confused about whether achieving net zero carbon emissions will cost us more, or less. Just look at two headlines covering the same…

Dec 12, 2025 • Lucy Shaw

"Municipalisation" could save London's car clubs and de-congest the city

Zipcar's shock exit is a wake-up call for London's incoherent car club policies

Dec 7, 2025 • Lucy Shaw

On EV fiscal policy, the government should pick a lane

¿Por qué no los dos? (why not both?) settled the debate between hard- and soft-shell tacos. Applying this logic to electric vehicles (EVs) policy is…

Nov 11, 2025 • Lucy Shaw

The government must offer pride, not just employment, to former coal communities

Reform’s call to bring back coal mining initially seems absurd. British coal jobs peaked more than a century ago as mines were exhausted, machines…

Nov 4, 2025 • Lucy Shaw

Energy quick wins: re-balancing Britain's energy investment to shorter term solutions

Labour has four years left to deliver on its ambition to “make Britain a clean energy superpower.” There is no time to waste. The Reform and…

Oct 6, 2025 • Lucy Shaw

Running out of power: should data centres go off-grid?

We aren’t delivering energy fast enough to meet the UK’s artificial intelligence (AI) growth aspirations. London, Europe’s largest data centre market…

Sep 26, 2025 • Lucy Shaw

There are good reasons to reopen Ashford International. Wishful thinking isn’t one.

The British government could learn a lot from the mistakes of HS2 by interrogating estimates on the economic benefits of infrastructure projects.

Sep 17, 2025 • Lucy Shaw

Is ESG a Scam?

Is ESG a Scam?

An exploration of the quirks of energy investing and ESG ("Environmental, Social, Governance"), how it works and how it doesn't.

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