Previously, we reported that the ESG investing boom of yesteryears has gone bust. Environmental, social and governance (ESG) investing spiked in 2020 and 2021 amid the COVID-19 pandemic with low oil prices driving more investments beyond fossil fuels, while fund managers tried to appear more climate-conscious.
However, the oil price boom of 2022/2023, political backlash against ESG led by Republican politicians as well as claims about greenwashing have made ESG investing lose plenty of luster. To wit, Texas has barred state entities, including…Goldman Sachs: Excluding Big Oil from ESG Portfolios is a Mistake
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