Corporate America Retreats from ESG Rhetoric ...Middle East

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Corporate America Retreats from ESG Rhetoric
source : OILPRICE ( Middle East ) () 22
Investors are pulling funds from sustainable investments as the ESG (Environmental, Social, and Governance) bubble deflates, triggered by high interest rates, poor returns, plummeting stocks in renewable energy, stricter SEC regulations, political backlash, and Elon Musk's war on woke capitalism. At the same time, ESG mentions on earnings calls by corporate America have plunged.  In 2021, during the pandemic boom, US ESG funds hit a record $358 billion in assets, up from $95 billion in 2017. But since then, investor interest has waned as higher…

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