The multi-trillion dollar greenwashing…

In the last few years, trillions of dollars have flowed into stock funds that are focused on environmental, social, and governance (ESG) issues. These funds appeal to our better angels, using slick marketing to encourage investment in socially-responsible companies. The individuals and institutions that invest in such funds likely believe their money is supporting companies that are reducing climate emissions, treating their workers well, and keeping excessive pay for executives in check.

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