'Eating one's own cooking': No point talking tasty plans if you can't serve up the goods

Moving beyond lip service in ESG

In the world of financial news, last week's big story was that entrepreneur and Tesla CEO Elon Musk will no longer accept Bitcoin as payment for his company's products, causing the value of the cryptocurrency to freefall 17%.

This is in stark contrast to less than two months ago, when Musk announced he would accept Bitcoin as payment, having just purchased $1.5bn of the cryptocurrency himself, causing its value to jump by almost 50% within hours of his tweet. As can be seen on this week's main feature, Musk's U-turn was allegedly the result of environmental concerns, given that Bitcoin mining uses almost the same amount of energy as the whole of the Netherlands did in 2019. But while the jury is out in terms of whether this was a genuine move towards reducing fossil fuel consumption or merely a publicity s...