Friday, May 20, 2022

ESG: Especially Sleazy Governance

Are you familiar with ESGs? Christopher Horner reports,
ESG stands for Environmental, Social and Governance. It is a political ranking system posing as a credit rating system, which creates various “scores” based on a variety of fashionable political factors. ESG is designed to strangle disfavored industries from access to the capital markets.
MarketWatch reports that an S&P ‘ESG’ index has dumped electric car manufacturer Tesla from its ranks. In response, Tesla founder Musk tweeted his view that the ESG label is a “scam.”
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