Jeffrey Carter: ESG Has A Comeuppance: Does It Surprise Any Objective Investor? “ESG is just crony capitalism with a different name. . . . When the crap hits the fan, people want return. If there is one good thing about the inflation we are experiencing is the cold slap in the face it’s giving to a lot of ideas that are simply stupid and misplaced, like ESG. Mr. Market does things differently. My hope is Mr. Market disciplines the ESG crowd mercilessly.”
UPDATE: From the comments: Kentucky AG Legal Opinion: ESG Investing is a Breach of an Asset Manager’s Fiduciary Duty. I agree.
h/t Glenn Reynolds