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ESG
Good Riddance, ESG
Of all the inroads the Left has made into our institutions in recent years, the most puzzling is its increasing dominance of the business world. One aspect of this is the movement for “ESG”–Environmental, Social, Governance–investing. ESG basically means swearing fealty to the craziest of left-wing schemes. Why it became a fad is beyond me. Happily, the ESG craze may be coming to an end. The Wall Street Journal reports: »
Al Gore’s Broken Record of Hypocrisy
Al Gore’s hypocrisy is well known: consuming ten times the average household’s electricity in his Tennessee mansion, buying a beachfront mansion in California while warning of sea level rise, flying in private jets while hectoring us about our carbon footprint, etc. Turns out Gore’s investment fund, Generation Investment Management, dedicated to “sustainable” investing (ESG before it was the cool term) is in on the con, too. Bloomberg reports: Espousing a »
BlackRock Backs Off
We haven’t written much about Environmental, Social and Governance (ESG) investing, which is one of the evils of our time. Basically, it seeks to force publicly-traded companies to take left-wing policy positions. Perhaps the number one force behind ESG has been BlackRock, Inc., the world’s largest asset manager with $10 trillion under management. Given BlackRock’s prominence in the ESG movement, this headline couldn’t be more welcome: BlackRock ditches green activism »