The author argues that the goal of environmental, social and gov-ernance corporate disclosures — to redirect corporate investment behaviour, such as transforming coal, oil and natural gas as assets to the “alternatives” of wind and solar — will lower living standards.  |  File photo

ESG focus mixes politics and business

A recent PricewaterhouseCoopers-sponsored article in a national newspaper proclaimed the “benefits” of employing self-styled experts in something called environmental, social and governance corporate disclosure. The firm warns not using their services may put executives offside with increasingly strict regulatory authorities, institutional investors and politicians. Yet PwC’s advertorial points create more questions than answers. First, what […] Read more