Are Defense Stocks Now ESG?

https://www.ft.com/content/9073a69f-bc90-4944-b9d9-d2a0a2ff1…

I have been invited to a seminar titled “How does ESG continue to evolve?” I don’t need to go. I already know the answer.

It will continue to evolve until one way or another it encompasses everything. Then, like everything that has tried to be all things to all men before, it will mean nothing.

I’ve written here before about the idiocy of exclusionary investment — refusing to invest in fossil fuels and mining because they are dirty but also relying on both to drive the global economy and the energy transition for example.

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