At this conference and the keynote was this lady who worked at Fannie Mae bragging about how she increased “green” mortgages to $51 billion and her struggles to do that. Basically an ESG champion

I get up and ask two questions

1. How do you explain construction budgets getting busted when adding green tech.

2. How do you account for operation and maintenance? Most times than not this stuff breaks and maintenance teams just don’t use it because it’s too expensive to fix or don’t know how to.

Her response:

1. Yeah the Tech is new (its not) and costs have come down (not really American made panels are way more expensive then imported ones)

2. We need more education and training to teach people how to operate and maintain this tech.

She can’t fool a room full of engineers. Random people at this conference have been coming up to me and saying that was a great question. Basically no one was buying the nonsense this lady was saying. Selling loans is not a measure of success for ESG!