You may have heard of the newest wolf in sheep’s clothing coming from the Left: Environmental, Social, and Governance (ESG) investing. Consideration of ESG factors in investing means that fiduciaries can place woke politics over profits and stability when making decisions about their client’s portfolio. West Virginia this week took an admirable stance against ESG by dumping Blackrock from its banking transactions after recognizing that Blackrock’s support for net zero emissions is at odds with the flourishing of a state whose economy is quite literally fueled by the coal, oil, and natural gas industries.
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