Why ESG is Sinister

n contemporary finance, a bank’s “head of responsible investing” is meant to be an apostle of woke capitalism: a very modern kind of money man who tours the world touting all the good their employer is doing. So you might have expected a speech on climate change and finance by Stuart Kirk, the man with that job title at HSBC Asset Management, to be a bromide-filled snoozefest about the win-win nature of the transition to the green economy.

But Mr. Kirk’s address at a recent conference on “Moral Money” was nothing of the sort.

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