Financiers seized on ESG to rinse away the stain of causing the worst financial crisis since the Great Depression. Now they sell it to the gullible and do well themselves by appearing to do good.
The West’s capital is being deployed to create an artificial shortage of oil and gas produced domestically and reward non-Western oil and gas producers such as Russia and Iran with higher prices.
High inflation and squeezed living standards make it a safe bet that come this time next year, woke capital will be running even faster in the opposite direction.