By Ronald Stein -
Today, Environmental, Social, and Governance (ESG) divesting in fossil fuels is all the rage on Wall Street. Both President Biden and the United Nations support allowing banks and investment giants to collude to reshape economies and our energy infrastructure.
A group supported and promoted by the United Nations, the Principals of Responsible Investment (PRI), reported 4,721 signatories from more than 135 countries had signed PRI. Collectively, these businesses, investors, and investment management firms control more than $100 trillion in assets. The PRI pact emphasizes the importance of Environmental, Social, and Governance (ESG) disclosures, and sponsors pressuring companies into ESG implementation.
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