Venture Capital
In recent months, massive asset managers including BlackRock and State Street have cut dozens of ESG funds. This week, it was called a “zombie idea” by Marc Andreessen. What’s next? In March, conservative critics enthusiastically blamed Silicon Valley Bank’s collapse on the nefarious forces of ESG. By then, “environmental, social, and corporate governance” factors were at their peak as the hottest new trend, everywhere from the Bay Area to Wall Street. But since, they’ve drawn a backlash of epic proportions where each week seems to bring more crumbling support.Read Full Story.