Goodbye to the Craziness?
What to know: Is the ESG craze subsiding on Wall Street? Investors have pulled more than $14 billion from “sustainable” funds guided by environmental, social and governance (ESG) principles.
The TPPF take: Woke capitalism—taking the form of ESG rules—is a scam that takes aim at industries the woke left doesn’t like.
“The ESG movement typically targets industries deemed politically incorrect, including fossil fuel exploration and production, as well as firearm manufacturing and selling,” says TPPF’s Greg Sindelar. “ESG policies can also lead to criminal collusion between investment firms—which are supposed to be competitors.”