ESG News & Analysis
2 articles
Market Mood
SpaceX (SPX) Receives Lowest ESG Rating of Triple C from MSCI
SpaceX (SPX) was assigned a Triple C ESG rating by MSCI, which places it on a level with Russia following the 2022 invasion of Ukraine. This rating indicates significant concerns regarding SpaceX's environmental, social, and governance practices. The outcome may affect investor perceptions, particularly as ESG factors become increasingly important in investment decisions. Potential implications for market sentiment around SpaceX could arise due to heightened scrutiny from investors focused on sustainability metrics.
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Oil Prices Surpass $94 per Barrel amid Family Office Investment
Oil prices have risen to over $94 a barrel, representing a 30% increase since the onset of the Iran war in late February. As private equity firms retreat from the oil and gas sector, family offices have capitalized on this opportunity, investing despite growing ESG pressure. Investment multiples in the sector typically range from two to three times cash flow. Notably, family offices have led significant investments, including a $2 billion acquisition of PureWest Energy and a $500 million minerals fund focused on the Permian Basin, which is a major oil-producing region.
Read More: Oil Prices Surpass $94 per Barrel amid Family Office Investment