Many ESG funds and ETFs are merely closet index funds, gussied up in ESG raiment.

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You don't need a Weatherman to know which way the climate blows.

In the first two posts of my Climate War series, I introduced the idea of a massive global mobilization to address climate change (thus the war analogy) and used the oil industry as an example of how large swaths of the current economy will be left behind. In this

post, I will examine another inconvenient truth, ESG investing has been ineffective. $30+ Trillion in ESG? According to the Global Sustainable Investment Review (“GSIR”) 2018 Review, ESG assets stood at $30.7 trillion at the start of 2018.[1]  If true, that would put ESG assets around 38 percent of all investment assets. …

Ask any millennial how they think about food, energy, transportation, and climate change, and you'll get a sense of the change that's coming.

This month, Bantam has joined some of the world's most respected and successful companies, including: Ben & Jerry's;Kickstarter;Danone;Eileen Fisher;Stonyfield Organic;Patagonia;Warby Parker;method, and;seventh generation. Like these world-class firms, Bantam is now a Certified B Corporation®. Chart 1:  B Corporation Brands You Know and Love[1] B Corporations meet the highest standards of overall social and environmental performance,

transparency, and legal accountability, and aspire to use the power of business to solve social and environmental problems. The B Corporation certification process is very rigorous and it has taken over two and a half years for Bantam to become certified.  This process involves scoring…

The energy sector, as currently composed, is heading for collapse within a decade.

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Ironically, fossil fuel companies will become sources of funds for the new energy future.

In the first post of this series, I introduced the idea of the Climate War.  Here I want to use the oil industry to illustrate how a whole industry will be left behind as the world shifts into the third industrial revolution.  (The first industrial revolution was powered by coal, the second

by oil, and the third will be powered by renewables.[1]) Clearly the oil industry will be with us for a few more decades, but all the growth will be stripped out of it.  This can be seen in the car market over the past few years.  Internal combustion…

The “reallocation of capital” that Fink writes about will not be smooth or pleasant. It will amount to a phase shift and many firms will not be able to make the leap.

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BlackRock joins the Climate War.

This post is the first in a series exploring the implications of what I call the “Climate War”.  I use the war analogy because nothing has paralleled the ability of war to mobilize humanity. I believe that within a year or two the entire world will be in the Climate War. In

many ways, the war has already started (the mobilization has not).  In this war there will be no Switzerlands.  That is, neutrality will not be possible.  Every person, community, company, and country will be in it, whether they want to or not. In this war, humanity faces an…

The real play is in companies that are leveraged to the creation of infrastructure assets.

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Infrastructure will look a lot different in the future.

I've been writing about the coming secular increase in global infrastructure spending in a series of blog posts.  Others are seeing the same thing, both in the M&A market and private equity universe. Infrastructure M&A In December, John Grayken's Lone Star Funds bought BASF's construction chemicals business for $3.5 billion.[1]  That unit

has over 7,000 employees and production sites and sales offices in over 60 countries. On Monday, WSP Global approached infrastructure engineering firm Aecom about a possible merger.[2]  For those of you who don't know Aecom, it is a global engineering firm that offers services in infrastructure, including: consulting,…