In weighing various energy sources, ESG investing needs reality-based principles
- Aug 26, 2021 9:47 pm GMT
Pressured by activists, legislators and regulators, many companies, banks, universities and investment houses are adopting Environmental, Social and Governance standards and disclosure rules. The guidelines typically reflect claims that fossil fuel emissions are raising planetary temperatures and causing more frequent and furious extreme weather events.
ESG rules purportedly exist to help businesses make money and “make the world a better place.” In reality, they let companies “greenwash” their reputations, while helping brokers maximize fees and assuage guilt over their profits and fossil fuel use.
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