ESG Investment Is Here To Stay

I wrote an article last month chronicling the rightwing-led backlash to ESG. Pouring corporate resources into ESG, the theory goes, diverts attention from the basic blocking and tackling involved in making money. There is ample research proving the opposite, but you don't have to read studies by eggheads to appreciate that the market itself is saying the opposite.

ESG investing is resilient even in a bad economy, and if that's not enough, no less an authority than the New York Times wrote an article today about "decarb bros", which it describes as "a loose affiliation of mostly young researchers, climate tech workers, policymakers and people following along online" (not all necessarily male) who believe that there are viable technology-fixes to climate change that need only be invested in and deployed. The movement is further described as rejecting the "doomerism" and "wonkiness" that permeates traditional discussions of climate change. They are here to say that