The Impact of ESG on the Free Market

ESG stands for environmental social governance. It's forcing dollars Towards ideas instead of returns, which is the opposite of the free market Dollars should flow towards returns not ideas and what they are doing is Coercine capital towards ideas rather than returns. And it gives them a tremendous amount of leverage Exxon Mobil was a great example Black Rock was certainly not a majority stakeholder there but through working through proxies who they were able to put on to the board activist members in 2021.