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ESG Investing: Politics by Other Means

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ESG Investing: Politics by Other Means
BlackRock CEO Larry Fink during the the 79th Annual Convention of Bankers in Acapulco, Mexico, on March 11, 2016. Pedro Pardo/AFP/Getty Images
Rupert Darwall
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Commentary
Before Joe Biden’s election, environmental, social, and governance (ESG) investing was sweeping all before it. Wall Street was coming to the planet’s rescue and saving capitalism at the same time. It was a self-serving myth. As I show in my new report, “Capitalism, Socialism and ESG,” published May 13, doing well by doing good is no more than Wall Street sales patter.
Rupert Darwall
Rupert Darwall
Author
Rupert Darwall is a senior fellow of the RealClear Foundation and author of the books “The Age of Global Warming: A History,” “Green Tyranny: Exposing the Totalitarian Roots of the Climate Industrial Complex,” and “Going Through the Motions: The Industrial Strategy Green Paper.” Darwall also authored the reports “The Climate Noose: Business, Net Zero, and the IPCC’s Anti-Capitalism,” “Capitalism, Socialism and ESG,” “Climate-Risk Disclosure: A Flimsy Pretext for a Green Power Grab,” “The Anti-Development Bank: The World Bank’s Regressive Energy Policies,” and “The Folly of Climate Leadership.”
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