CEI - Camber Energy Inc. (NYSEAMERICAN: CEI) Subsidiary Viking Energy Group Inc. (OTC: VKIN) An Opportunity for ESG Investors
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The year 2022 wasmarked by a great deal of debate over ESG investing. It seemed asthough everyone in the investing world had an opinion on the merits ofESG investing.
From here on out, it's clear that ESG and its practiceswill continue to be a big part of the financial world. Whether or notyou agree with ESG, the fact remains that billions of dollars arebeing invested into ESG funds daily.
Just in the first week of the year, the assetmanagement division of Goldman Sachs Group Inc. collected more than$1.6 billion from clients for a fund that follows the strictest ESGrules in the European Union. The interest in ESG and sociallyconscious investing cannot be ignored.
Not all ESG investing is created equal,however. Investors that are on the fence about this new area stillhave plenty of options to dip their toes into the landscape. Oneunique player is Viking Energy Group Inc. (OTC: VKIN) ,majority-owned by Camber Energy Inc. (NYSEAMERICAN: CEI).
VKIN has aninteresting position in the ESG space because it has made a number ofimportant acquisitions and partnerships in the green energy sectorwhile still having a strong presence in the oil and gasindustries.
TheESG Opportunity
Many experts see renewables as the way forward, but oil and gasare still around for the time being. Both CEI and VKIN stand to gainfrom the combination of higher energy costs and a greater push towardrenewable sources of power. As of right now, Viking Energy's oiland gas holdings in the US are worth about $96 million.
This dual investmentstrategy makes them a smart play in today's volatile market.
Viking Energy CEO JamesDoris says, "We are a clean energy company which uses an IPlicense from Clean Energy, LLC, to generate clean energy. We areexcited about what we have here” he says. “We have a strongengineering department, and we have an ESG license for carbon capturethat is our most valuable potential asset. We maintain an open mindabout the oil and gas assets” James Doris, CEO of VKIN says.
“We initiallyinvested in oil and gas assets. Now, VKIN offers investors the best ofboth worlds: green, clean energy and oil and gas assets.”
GreenTechnologies
The VKIN portfolio of green and sustainable technologiesencompasses a broad spectrum, ranging from carbon capture tosustainable biodiesel production. Both CEI and VKIN have diversifiedbusiness models that will allow them to succeed even if oil demanddrops as countries work to meet climate change accords or inflationslows.
Three oftheir major investments in sustainable technology include:
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VKIN obtained a U.S.patent (No. 11,286,832) for the intellectual property and other rightslicensed by VKIN from ESG pertaining to a Bottoming Cycle Power Systemassociated with its carbon capture technology. The new patent coversthe invention of an exhaust-gas-to-exhaust-gas-heat exchanger. As aresult, VKIN is in a better position to capture carbon and utilize itfor beneficial purposes.
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VKIN has invested in a Reno, Nevada processingplant designed to produce renewable diesel. To that end VKIN hasentered into a Membership Interest Purchase Agreement with RESCRenewable Holdings, LLC., to buy the membership interests of New RiseRenewables, LLC.
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VKIN received a Notice of Allowance from the US Patent &Trademark Office for a patent titled "Multi-Chamber Medical WasteOzone-Based Treatment Systems and Methods" VKIN offers itsrevolutionary VKIN-6000, a medical waste treatment system utilizingozone. VKIN is able to offer an environmentally sustainable andcost-effective solution for biohazardous waste.
Conclusion
Investors should payattention to the overall shift toward green energy and sustainabletechnology, but it is clear that the transition will be gradual. WhileESG investing will continue to gain traction, it makes the most sensefrom an investment standpoint to find companies that are becominggreen alongside the market.
Camber Energy Inc. (NYSEAMERICAN: CEI) andits subsidiary, Viking Energy Group Inc. (OTC: VKIN) , are wellon their way to adopting ESG practices. This means they are preparingfor the future, while still hedging their bets with smart investmentsin the oil and gas fields
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