The thesis for this is that ESG and greenwashing are endemic in SP500 stocks but at the end of 2023 the SEC will require some hard evidence of reduction in carbon emissions, which will push the cost of credits up.
This was mentioned by Paul Krake on a recent episode of the Market Huddle, but I can't find any written stuff from him with the same argument.
Last updated: 2026-03-07 by automated standardization process
last updated: