One of the latest fads on the left is the “environmental, social and governance,” or ESG, movement, in which large companies and financial institutions promise to be environmentally sensitive, diverse, inclusive and whatever, while remaining focused on making money. In reality, ESG, especially on the investing side, seems more like window dressing and an exercise in mass hypocrisy than anything else.
Not surprisingly, those who stand to make money from the ESG ecosystem — ratings firms, corporate lawyers, audit firms, investment banks, asset managers, proxy advisers, index providers, etc. — want the federal government to create and mandate ESG standards for all companies.
While ESG advocates typically talk about the importance of climate and social issues, they ignore the reality below their rhetoric.
Two teenagers have been arrested in England as part of the investigation into a hostage-taking incident at a synagogue in Texas on Saturday.
WASHINGTON (AP) — The Biden administration has determined a Russian effort is underway to create a pretext for its troops to potentially further invade Ukraine, and Moscow has already prepositioned operatives to conduct “a false-flag operation” in eastern Ukraine, a U.S. official said Friday.
OTTAWA — Canada will sign onto a complaint against the United States over its interpretation of how free trade should apply to the continental auto industry, another sign of souring ties between the two neighbours.