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World

ESG is a surprise boon for fossil fuel giants

18 July 2023

12:00 PM

18 July 2023

12:00 PM

ESG, or environmental, social and corporate governance, has taken the financial world by storm. It first hit the scene in a 2004 United Nations report that argued the financial sector could rack up more profits if it focused on carbon dioxide reduction and UN-approved progressive causes and has ballooned into a big, green financial juggernaut.

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