Story of the Week: July 2021

“The [Biden] administration's focus on promoting green technology is important but will result in a substantial net loss of manufacturing jobs by reducing production of domestic oil and gas, and in turn chemicals, while subsidizing wind and solar products whose production is dominated by Chinese and European manufacturers."

The divestment movement has just taken capital out of the most transparent and, arguably, most environmentally responsible segments of the global oil and gas industry

If ESG investing truly maximized returns, fund managers wouldn’t fake a commitment to it while quietly doing their job—investing in companies that focus on shareholder returns and profits.

"No matter what they tout as green investing, portfolio managers are legally bound...to do nothing that compromises profits.”