www.zerohedge.com By Tyler Durden
We have been writing about the ESG scam on this site since it caught fire years ago, taking with it trillions of dollars of investment capital.
The latest “reality check” for ESG investing and the inane “scores” that companies receive comes courtesy of the Free Beacon, who this week profiled how tobacco companies – yes tobacco companies – are blowing away EV-maker Tesla in their ESG rating.
The report noted that this month S&P Global assigned Tesla “a lower environmental, social, and governance score than Philip Morris International, the maker of Marlboro cigarettes.”
Tesla earned just 37 points on their ESG scorecard while Philip Morris posted a score of 84. Similarly, the report notes, the London Stock Exchange has given British American Tobacco a score of 94.
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