The iShares ESG MSCI EM Leaders ETF suffered heavy outflows this week, according to public data, leading to a tenfold drop in the assets managed by the exchange-traded fund focused on sustainable emerging-market companies. Finland’s Ilmarinen Mutual Pension Insurance Company owned 13 million shares in the ETF in September, making it the No.1 investor in…
Assets in IShares ESG Fund Drop 91 Percent After Biggest Investor Reduces Ownership
Oil and Gas Companies’ 2021 Success Hints at Promising Future for 2022 and Beyond
After weathering a brutal 2020, a banner 2021 showed how the resilient Canadian oil and gas sector can flourish.
Net Zero and Green Financial Repression
Commentary So far, the big message from the Glasgow climate conference is the role of finance in decarbonizing the global economy. It’s a dangerous development. In his speech to the twenty-sixth Conference of the Parties (COP26) last week, Britain’s Chancellor of the Exchequer, Rishi Sunak, pledged action to “rewire the entire financial system for Net Zero.” Finance…
The Biden Administration’s ESG ERISA Mandate
Commentary Overturning the Trump ERISA rules is proving a lot harder than the White House supposed. Pity the Department of Labor. Tasked with undoing two Trump-era rules on the conduct of pension fiduciaries under the Employment Retirement Income Security Act (ERISA) and promoting the administration’s climate policies, the DOL finds itself between the rock of…
Will Investors Hit the Pause Button on Sustainable Investing?
News Analysis Sustainable investing has turned into one of the biggest trends in the finance industry, representing 33 percent of total U.S. assets under management. While investing in assets managed with environmental, social, and governance (ESG) consideration has been primarily driven by institutional investors, money managers say the retail side has grown exponentially. Last year,…
The E in ESG Means Cancelling the S and the G
Commentary Price rises—they keep on coming. Even before the recent surge in energy prices, companies had been warning about inflationary pressures in their supply chains. At the end of June, General Mills reported that it was facing cost increases of 7 percent and that it was raising the price of most of its grocery products….
ESG Investing Soars as Blind Eye Turned to China, Energy Crisis Worsens: Analysts
The growing prominence of environmental, social, and governance (ESG) factors in investing is unmistakable, but major downsides to the trend are emerging.
‘Conservative Values’ Investment Fund Pushes Back Against ESG
Flaig told The Epoch Times that growth in ESG investing has been significant, and most of those products are probably more in line with a politically progressive investment philosophy.
In Rapid Push Toward Net Zero and ESG, Transition Plans Lag for Energy Workers
Government agencies and companies are accelerating their push toward net zero by 2050 and raising their emphasis on environmental, social, and governance (ESG) principles in their operations.
Christian Motivational Speaker Starts Bank in Response to the Rise of Cancel Culture in the Private Sector
Nick Vujicic, a motivational speaker who traveled the world through his organization to speak to millions about his Christian faith, became a co-founder of a pro-life bank after he was kicked out of his bank, a false article was published about him, and a grenade was thrown into his house. Vujicic, the founder, president, and…
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