An inconvenient truth: ESG is making inflation worse

Saturday, August 6th 2022, 7:34:53 pm
article
Inflation has emerged as the top issue for most Americans ahead of the midterm elections. Rising labor costs, energy prices, and interest rates are increasingly adding to inflationary woes. And much to the Biden administration’s chagrin, the $1.9 trillion American Rescue Plan is the largest driver of inflation. Additionally, Democrats refuse to admit their push for Environmental, Social, and Governance (ESG), especially in energy policy, in both the public and private sectors is also a major problem. As more financial leaders scrutinize so-called sustainable investing, there’s ample evidence suggesting ESG exacerbated the 9.1% increase in the consumer price index.

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