Who’s afraid of ESG?
When Elon Musk expressed outrage last Wednesday at Tesla being removed from the S&P 500 ESG Index, he didn’t just lash out at the index provider — it was a broad attack on ESG, which he called “a scam … weaponized by phony social justice warriors.”
That series of tweets was among the latest highly public critiques of the idea of ESG, following other recent comments by former Vice President Mike Pence.
Meanwhile, some states have sought to protect the oil industry, with laws or proposals designed to prevent investment firms whose funds exclude fossil fuel holdings from managing any money in public retirement plans.
