The year 2022 was marked by a great deal of debate over ESG investing. It seemed as though everyone in the investing world had an opinion on the merits of ESG investing.
From here on out, it's clear that ESG and its practices will continue to be a big part of the financial world. Whether or not you agree with ESG, the fact remains that billions of dollars are being invested into ESG funds daily.
Just in the first week of the year, the asset management division of Goldman Sachs Group Inc. collected more than $1.6 billion from clients for a fund that follows the strictest ESG rules in the European Union. The interest in ESG and socially conscious investing cannot be ignored.
Not all ESG investing is created equal, however. Investors that are on the fence about this new area still have plenty of options to dip their toes into the landscape. One unique player is Viking Energy Group Inc. (OTC: VKIN), majority-owned by Camber Energy Inc. (NYSEAMERICAN: CEI).
VKIN has an interesting position in the ESG space because it has made a number of important acquisitions and partnerships in the green energy sector while still having a strong presence in the oil and gas industries.
The ESG Opportunity
Many experts see renewables as the way forward, but oil and gas are still around for the time being. Both CEI and VKIN stand to gain from the combination of higher energy costs and a greater push toward renewable sources of power. As of right now, Viking Energy's oil and gas holdings in the US are worth about $96 million.
This dual investment strategy makes them a smart play in today's volatile market.
Viking Energy CEO James Doris says, "We are a clean energy company which uses an IP license from Clean Energy, LLC, to generate clean energy. We are excited about what we have here” he says. “We have a strong engineering department, and we have an ESG license for carbon capture that is our most valuable potential asset. We maintain an open mind about the oil and gas assets” James Doris, CEO of VKIN says.
“We initially invested in oil and gas assets. Now, VKIN offers investors the best of both worlds: green, clean energy and oil and gas assets.”
Green Technologies
The VKIN portfolio of green and sustainable technologies encompasses a broad spectrum, ranging from carbon capture to sustainable biodiesel production. Both CEI and VKIN have diversified business models that will allow them to succeed even if oil demand drops as countries work to meet climate change accords or inflation slows.
Three of their major investments in sustainable technology include:
VKIN obtained a U.S. patent (No. 11,286,832) for the intellectual property and other rights licensed by VKIN from ESG pertaining to a Bottoming Cycle Power System associated with its carbon capture technology. The new patent covers the invention of an exhaust-gas-to-exhaust-gas-heat exchanger. As a result, VKIN is in a better position to capture carbon and utilize it for beneficial purposes.
VKIN has invested in a Reno, Nevada processing plant designed to produce renewable diesel. To that end VKIN has entered into a Membership Interest Purchase Agreement with RESC Renewable Holdings, LLC., to buy the membership interests of New Rise Renewables, LLC.
VKIN received a Notice of Allowance from the US Patent & Trademark Office for a patent titled "Multi-Chamber Medical Waste Ozone-Based Treatment Systems and Methods" VKIN offers its revolutionary VKIN-6000, a medical waste treatment system utilizing ozone. VKIN is able to offer an environmentally sustainable and cost-effective solution for biohazardous waste.
Conclusion
Investors should pay attention to the overall shift toward green energy and sustainable technology, but it is clear that the transition will be gradual. While ESG investing will continue to gain traction, it makes the most sense from an investment standpoint to find companies that are becoming green alongside the market.
Camber Energy Inc. (NYSEAMERICAN: CEI) and its subsidiary, Viking Energy Group Inc. (OTC: VKIN), are well on their way to adopting ESG practices. This means they are preparing for the future, while still hedging their bets with smart investments in the oil and gas fields
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Mark McKelvie
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