Prediction No. 2: ESG Is Dead

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Prediction No. 2: ESG Is Dead

The ESG blowback will spread as many university endowments and pension funds have to explain to their trustees why they avoided investing in fossil fuel companies for ESG reasons.

The SEC is still trying to force companies to disclose their ESG activities, but this is a complicated and subjective process.

I should also add that when the S&P 500 Global kicked Tesla out of its ESG index and replaced it with Exxon Mobil Corp. (XOM), the ESG confusion spread – especially since S&P Global cited the batteries that Tesla Inc. (TSLA) uses as the primary reason it got booted!


[ESG is easy to circumvent and difficult to explain to investors. The added overhead to businesses will impact being ESG in the long term]

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