Sometimes it’s hard not to despair when you see big investment firms aggressively trying to defund oil and gas companies (see Investors Representing Half the World’s Wealth Go Mad re Net-Zero). But the forces of good are beginning to fight back. Both Texas and West Virginia have put BlackRock, Inc. and others on notice their respective states intend to cut off doing business with them (see ESG Investing Loses Momentum as States Target Investors like BlackRock). And now, two new investment firms have formed. One of the firms was formed with the backing of two billionaires and attempts to pressure investors and companies into stop using ESG criteria and to “depoliticize” investing. The other firm is a newly formed ETF that folks can invest in that is anti-ESG. Bring it on!
