In just two years, Tariq Fancy went from being one of ESG investing’s most powerful champions to its harshest and most outspoken critic.In a three-part tome released on Medium last month, the former BlackRock chief investment officer called the ESG label—a catch-all for products that promise to tackle environmental, social, and corporate governance issues—a “dangerous placebo” that obscures the urgent need for government regulation to spur a transition into clean energy.But given the challenges of rolling out such regulation—from political gridlock to lack of international cooperation—the private sector must play a role in curbing carbon emissions.Read the rest of this story on qz.com. Becom
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