President Joe Biden delivers remarks during the virtual Leaders Summit on Climate on April 23, 2021, in Washington, DC.
Perhaps the best news is that Larry Fink, who has been one of the most prominent proponents of ESG, isthat the debate has become “personal” and ugly. He insists that his firm, asset management giant BlackRock, is not actually working against traditional energy companies that produce fossil fuels. The firm still insists, however, the “climate risk is investment risk,” which is code for discouraging production of fossil fuels. Anything that unsettles Fink should be counted as progress.
End ESG and let DEI die
I was unaware left wing politics allowed the word ‘finance’ to be used. Isn’t that word banned as a hate word? Someone call Stanford or ask Elizabeth Warren what her Native American ancestors would think…