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Investment fund giant Vanguard disclosed last week that $500 million exchanged-traded fund that was meant to “specifically exclude” stocks linked with fossil fuels and other vice industries had been investing in companies like oilfield services provider Schlumberger.
Funds ensure that returns from ESG investments are comparable to non ESG investments by swapping out the environmental, social, governance for options close in orbit to the very thing they’re seeking to avoid.
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