Green Investments Get Black Eye; Do ESGs Need EKG?

NYTs recently wondered whether “climate action” demanded by the Left will happen now that Biden’s BBB spending spree is all but dead in Congress as WSJ suggested the “sustainable investment craze is a waste of time” since so many green companies have also turned out to be pipe dreams.

As it happens, the only real newspaper in the Big Apple is doing a series on the “failed promise of funds guided by environmental, social & governance principles.” Known as ESG, these investment vehicles “promise to invest in companies with better environmental, social & governance attributes, to save the planet, improve worker conditions or, in the case of the U.S. Vegan Climate ETF, prevent animals from being eaten.” Yet, even though woke investors are throwing millions into the ESGs and “despite claims to the contrary, these investments don’t do much to make the world a better place” … or make more money.

Details, of course, are promised in future articles in the series. Meanwhile, the “flawed” ESC model can remind one of the NFL’s “Inspire Change” fund that insisted in tv ads it’s distributing millions to make America a better, fairer & more just society; only thing is, the NFL effort is being criticized by police associations for funding several social justice non-profits touting defund the police and easy bail or non-prosecution mantras … as crime soars in nearly every NFL franchise city.

Davd Soul