Over the past few years, sustainable investing—which is based on the theory that subjective
environmental, social and governance or ESG factors should drive corporate policy and investment
decisions—has 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. This book is 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 world’s 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 language—free of financial jargon—to reach
the widest possible audience, including the silent majority on Wall Street now afraid to speak up about
ESG.