Guests Marc Carney, known for the speech 'Breaking the Tragedy of the Horizon', and Blackrock, author of the letter 'Because capital markets pull future risk forward', discuss the exponential growth of ESG investing. They explore its challenges, inflated claims, maze-like nature, and intervention by regulators. They also touch on the performance comparison between oil and gas stocks and sustainable funds, concerns about fees and portfolio performance, the imbalance of capital and opportunity in the market, the lack of renewable infrastructure, self-regulation in finance, greenwashing, conflicting views on ESG investing, and the need for standardization and clarity in ESG ratings and taxonomies.
