OilPrice.com - Why Shale Executives Should Jump On The ESG Trend Now

ESG (Environmental, Social, and Corporate Governance), like pretty much everything else in this increasingly partisan world, has become an extremely divisive topic in the business sector. While many think that more socially and environmentally conscious investment and business practices are the best way forward and a central pillar of the future global economy, others dismiss it as leftist and utopian. While some argue that ESG is an inevitable trend (accelerated by the novel coronavirus’ interruption to business as usual), the Trump administration has threatened to make it illegal. A new proposed regulation from the U.S. Department of Labor would expressly prohibit the department from including ESG in any decision-making criteria when it comes to U.S. employer-provided pension funds, in an apparent bid to protect Big Oil.

https://oilprice.com/Energy/Energy-General/Why-Shale-Executives-Should-Jump-On-The-ESG-Trend-Now.html