Race to Zero

Paul Tice delivers a body-blow to the predations of the ESG-industrial-complex.Mark P. Mills,Senior Fellow, Manhattan InstituteOver the past few years, sustainable investingwhich is based on the theory that subjective environmental, social and governance or ESG factors should drive corporate policy and investment decisionshas swept across Wall Street, spurred on by the United Nations, sovereign governments and financial regulators and cheered on by academics, environmental activists, social justice warriors and the media. To date, there has been little public resistance or analytical pushback as the ESG orthodoxy has integrated itself into almost every corner of the financial markets. By 2030, the iron curtain of sustainability will have fully descended across Wall Street.Race to Zerois meant to provide a detailed rebuttal to the case for sustainable investing from the perspective of a long-time Wall Street analyst and investor and latter-day finance professor. Sustainable investing is a scam because it is not about generating excess returns for investors or furthering ethical goals such as improving society or saving the planet; rather, it is about controlling the worlds financial system and determining the allocation of capital and investment flows across the markets. It is liberal progressive politics masquerading as finance whose objective is to create a compliant corporate sector that serves as both Greek chorus and funding source for the environmental and social causes championed by government and the elite class. This book is designed to expose this truth in plain-spoken languagefree of financial jargonto reach the widest possible audience, including the silent majority on Wall Street now afraid to speak up about ESG.