bravo. more States to follow, hopefully. so important.
5 Oct: CNBC: Profits over politics: the case for anti-ESG ETFs
by Kevin Schmidt
“Our perspective is that U.S. energy companies should be focused on drilling on fracking, on doing whatever allows them to be most successful over the long run,” Vivek Ramaswamy, executive chair of Strive Asset Management, told Bob Pisani on CNBC’s ‘ETF Edge’ on Monday.
Strive has launched two ETFs to push back against “woke capitalism” in the industry. The Strive 500 ETF (STRV) tracks 500 of the largest U.S. publicly traded companies. The U.S. Energy ETF (DRLL) tracks the XLE energy ETF, with Exxon Mobil (XOM), Chevron (CVX) and Conoco Phillips (COP) comprising the top holdings.
“We’ve already engaged with 10 publicly traded energy companies,” Ramaswamy said. “And that’s what I think we need more of in the boardroom: more open debate representing a more diverse set of perspectives than we heard in the boardrooms of these companies over the last several years.”...
https://www.cnbc.com/2022/10/05/profits-over-politics-the-case-for-anti-esg-etfs.html
Vivek’s companies may be small now, but they could grow very quickly once States realise what a scam ESG is.
btw individuals need to tell their pension funds not to invest their savings in ESG rubbish as well.