Pence rips ESG investing as injecting left-wing politics into business

Elon Musk says ESG investments are ‘the devil incarnate.’ Andrew Steel says they’re just misunderstood.Finance was always meant to facilitate investment and spur economic growth that benefits the entire U.S., Pence said. But President Biden and government regulators are “weaponizing the financial system to do the exact opposite,” including through “capricious new ESG regulations that allow left-wing radicals to destroy American energy producers from within.

But the notion that such campaigns hurt companies is unproven, especially in Exxon’s case. Engine No. 1’s success came from persuading large shareholders that an improved climate strategy would also help the oil giant’s financial returns.

What is ESG? Thanks for an unintelligible tweet.

Yet it’s always ok to inject right wing politics into business, right Pence?

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How Does Tesla Get A Worse ESG Score Than 2 Oil Companies?Isn't it odd that Tesla has a low Environmental, Social, and Governance (ESG) score yet oil companies have high ones? F*&% their ESG Score! Just another racket!! 3rd Party certifications by the financial system for the financial system? Too easy to tell whatever story they want to tell. This just breads further distrust for the measure. Roflmao......
Source: cleantechnica - 🏆 565. / 51 Read more »