Is sustainability finally cornering the stock market?

That’s one way to read a recent Bloomberg News report that investment funds with Environmental, Social and Governance (ESG) criteria — often marketed as “sustainable” investment funds — are outperforming the overall stock market.

On the one hand, investors are unmistakably losing patience with fossil fuels.

Coal production fell by 35 percent between 2008 and 2018, while coal’s share of electric power generation plummeted even more. Meanwhile, even as the fracking boom has turned the U.S. into the world’s largest oil and gas producer, it’s been fueled by ballooning debt — and its promises of profit haven’t materialized.

Read the full article at Truthout.

Basav Sen directs the Climate Policy Project at the Institute for Policy Studies.

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