The False Promise of ESG Funds: Why They Fail Investors
While ESG investing promises both financial returns and societal benefits, it often fails massively on both fronts.
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While ESG investing promises both financial returns and societal benefits, it often fails massively on both fronts.
With a stunning trillion dollars added to the national debt in only three months, projected to reach an incomprehensible $54 trillion within 10 years, and America’s interest payments on track to exceed defense spending next year, the question must be asked: How much longer can the debt bubble go?
ESG, or “Environment, Social, and Governance,” is the new feel-good buzzword in the halls of global corporations and megabanks. It’s a PR push to cloak morally disastrous firms in a veneer of social and environmental responsibility — lip service — but at the end of the day, I believe the market will speak.