No matter how much money they waste and swindle us out of there will be no detectable difference in the climate.
Every Fink I’ve known has been a Fink. I’m sure there are good Finks out there but as yet I haven’t come across one.
a little bit of criticism creeps into BBC’s otherwise approving piece:
28 Sept: BBC: Green investing: How your savings can fight climate change
By Lucy Hooker
Another piece of recent research by French business school, Edhec, found “greenwashing” by funds claiming to be climate-friendly disguised the limited impact their investments were having.
It said money wasn’t flowing to companies that were improving their environmental record, while many that were deteriorating were still being funded.
One leading fund manager, BlackRock’s chief investment officer for sustainable investing, Tariq Fancy, left his job in frustration. He has denounced ESG investing as “sustain-a-babble” arguing it does more harm than good because people think they’re tackling climate change when they’re not.
Ultimately, though, these problems will have to be resolved, says Ben Caldecott, the Lombard Odier associate professor of sustainable finance at the University of Oxford, because shifting financial flows is an essential part of the decarbonisation process.
“There is no solution that doesn’t involve the financial sector changing rapidly. There is no transition without it,” he says...
In fact, how to mobilise private finance is high on the agenda at the COP26 meeting in Glasgow, taking place in November...
https://www.bbc.com/news/business-58544966
BlackRock is up to its ears in evil.
Actually I have to thank lefties for helpfully labeling the funds run by foolish managers. I always remember to check those scores. Normally lefties try to hide their wrongdoing.
OMG!
ESG is a fraud. Yet another ideological scam that has already rotted academia and now infects business and government.