Asset Manager Pushes Back on ESG Narrative

August 12, 2022--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Economic populism made a guest appearance at an oil and gas conference in Denver August 9, and the audience loved it. Vivek Ramaswamy, co-founder and executive chairman of Strive Asset Management (Columbus, Ohio), a recently created asset-management company, spoke at the "EnerCom Denver:The Energy Investment Conference," in which he strongly pushed back on the prevailing wisdom about environment, social and governance (ESG) investing. He said ESG and stakeholder capitalism were "the single greatest threat to American democracy." Companies featured: BlackRock Incorporated (NYSE:BLK), State Street Corporation (NYSE:STT), Exxon Mobil Corporation (NYSE:XOM), Phillips 66 (NYSE:PSX), Valero Energy Corporation (NYSE:VLO) and Chevron Corporation (NYSE:CVX)