Kyle Bass, founder of Hayman Capital Management, argues that the backlash against environmental, social, and governance (ESG) investing is largely fueled by radical climate activists' unrealistic demands to immediately abandon fossil fuels. He claims that such demands are disconnected from the realities of energy transition, which he estimates can take 40 to 50 years. Bass notes that this uncompromising stance has led to a standoff between Wall Street and climate activists, exemplified by ongoing protests at Citigroup's Manhattan headquarters. He criticizes the activists for their lack of understanding of the energy grid and business operations, suggesting that a more moderated approach from ESG defenders could have mitigated the current tensions. Bass emphasizes that fossil fuels and renewable energy will coexist for decades, advocating for a focus on efficiency and a gradual transition towards nuclear energy. His views echo sentiments shared by other prominent financial figures, including executives from JPMorgan Chase and Goldman Sachs.