How ESG will hurt your retirement

Robert H. Bork, Jr., Washington Examiner (Restoring America)

Your money manager may put your dollars to work to fulfill some left-wing concept of

gender equity, racial compensation, or environmental benefit instead of earning you the best return. Expect the result to be sheer waste. ESG is failing to reduce U.S. greenhouse gas emissions, while the substitution of coal for power generation by natural gas is yielding impressive reductions. Moreover, a hard thumbs-down on economic returns is sure to make retirees insecure as Social Security faces insolvency in about 12 years.