From the halls of the Capitol to the steps of statehouses across the U.S., policymakers are locked in a fierce debate about ESG. Even titans of the financial world, such as BlackRock CEO Larry Fink, have begun to stop using this term, partly to avoid accusations of being part of a “woke” establishment. Meanwhile, Republican legislators across the country have accused many major institutions that have embraced the practice of putting a divisive ideology ahead of investor returns and “boycotting” vital oil and gas industries. While some applications of ESG, which stands for environmental, social and corporate governance, are valid for healthy debate, a theme is seemingly emerging in
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