The Climate Denier's Playbook WoKe CaPiTaLiSm Is Destroying America!
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Oct 17, 2023 Explore the challenges of ESG investing and its impact on the environment and business. Learn about right-wing groups' influence on the fossil fuel industry and the media. Discover the lawsuit by Republican attorneys general against ESG investment companies and the chilling effect it may have. Engage in a conversation about mashed potatoes and an environmentally-friendly investment suggestion. Gain insights into investments in ESG funds and the management of environmental risks.
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Investment Firms' View on ESG
- Investment firms view ESG as a risk management tool.
- They use it to assess environmental, social, and governance factors that could threaten long-term profits.
Tariq Fancy's Critique
- Tariq Fancy, BlackRock's ex-CIO for sustainable investing, criticizes ESG.
- He argues most ESG products lack measurable impact and endanger capitalism.
ESG Ratings
- ESG ratings lack transparency and rely on incomplete data.
- Even company executives distrust the non-financial reporting used for ESG ratings.