The Race to Zero : How ESG Investing Will Crater the Global Financial System / Paul H. Tice.

Format:

Book

Author/Creator:

Tice, Paul H., author.

Language:

English

Subjects (All):

International finance.

Investments--Environmental aspects.

Investments.

Physical Description:

1 online resource (337 pages)

Edition:

First edition.

Place of Publication:

New York : Encounter Books, [2023]

Summary:

"Paul Tice delivers a body-blow to the predations of the ESG-industrial-complex." -Mark P. Mills, Senior Fellow, Manhattan Institute Over the past few years, sustainable investing-which is based on the theory that subjective environmental, social and governance or ESG factors should drive corporate policy and investment decisions-has swept across Wall Street, spurred on by the United Nations, sovereign governments and financial regulators and cheered on by academics, environmental activists, social justice warriors and the media. To date, there has been little public resistance or analytical pushback as the ESG orthodoxy has integrated itself into almost every corner of the financial markets. By 2030, the iron curtain of sustainability will have fully descended across Wall Street. Race to Zero is meant to provide a detailed rebuttal to the case for sustainable investing from the perspective of a long-time Wall Street analyst and investor and latter-day finance professor. Sustainable investing is a scam because it is not about generating excess returns for investors or furthering ethical goals such as improving society or saving the planet; rather, it is about controlling the world's financial system and determining the allocation of capital and investment flows across the markets. It is liberal progressive politics masquerading as finance whose objective is to create a compliant corporate sector that serves as both Greek chorus and funding source for the environmental and social causes championed by government and the elite class. This book is designed to expose this truth in plain-spoken language-free of financial jargon-to reach the widest possible audience, including the silent majority on Wall Street now afraid to speak up about ESG.

Contents:

Introduction: a best-laid plan

Sustainability: a theory about everything

It's all about climate change

The UN wants to be your investment adviser

Wall Street: in the shadow of the mushroom cloud

ESG: the social control network

It takes a village of ESG enablers

A paralysis of analysis

Sustainable returns and ESG performance art

The children's hour

The fiduciary rule: broken, not bent

Europe attacks!

A 2030 exit plan.

Notes:

Description based on print version record and CIP data provided by publisher; resource not viewed.

Description based on print version record.

Includes index.

Other Format:

Print version: Tice, Paul H. Race to zero

ISBN:

9781641773485

1641773480

OCLC:

1455115817