The "Socially Responsible" Scam
Popular "socially responsible" investment funds advertise: “Make money AND help the world!”
But they often do neither. Their funds are usually higher priced marketing gimmicks.
----
Don't miss the weekly video from Stossel TV. Sign up here: https://johnstossel.activehosted.com/f/1
----
Blackrock's "environmentally responsible" fund still invests in oil giants Exxon and Chevron.
Their fund brags that they do good by having 2.6% more exposure to gender diverse boards. But that's a tiny difference.
Investment firm Parnassus has a fund that it claims it does good for the world by investing in companies like US Foods and Clorox, because those companies make products that help meet UN sustainability goals.
Come on. Those are useful products, but they're not more "socially responsible" than normal investments.
Investing in “socially responsible” or “sustainable” funds usually means you pay higher fees to invest in feel-good nonsense.
Even worse, "socially responsible" funds can backfire. Some green funds oppose fracking -- but the U.S. led all countries in reducing carbon emissions lately, mostly because fracking’s natural gas reduced demand for dirty coal and oil.
Watch the video above for more about how "socially responsible" funds cost you more to accomplish nothing good for the world.
Видео The "Socially Responsible" Scam канала John Stossel
But they often do neither. Their funds are usually higher priced marketing gimmicks.
----
Don't miss the weekly video from Stossel TV. Sign up here: https://johnstossel.activehosted.com/f/1
----
Blackrock's "environmentally responsible" fund still invests in oil giants Exxon and Chevron.
Their fund brags that they do good by having 2.6% more exposure to gender diverse boards. But that's a tiny difference.
Investment firm Parnassus has a fund that it claims it does good for the world by investing in companies like US Foods and Clorox, because those companies make products that help meet UN sustainability goals.
Come on. Those are useful products, but they're not more "socially responsible" than normal investments.
Investing in “socially responsible” or “sustainable” funds usually means you pay higher fees to invest in feel-good nonsense.
Even worse, "socially responsible" funds can backfire. Some green funds oppose fracking -- but the U.S. led all countries in reducing carbon emissions lately, mostly because fracking’s natural gas reduced demand for dirty coal and oil.
Watch the video above for more about how "socially responsible" funds cost you more to accomplish nothing good for the world.
Видео The "Socially Responsible" Scam канала John Stossel
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Stossel: Tax MythsHow Morocco Secretly Controls China, India, The United States, And the WorldClassic Stossel: How Debates Are WonJohn Stossel12 Years to Disaster? How Climate Activists Distort the EvidenceThe Secret Code of Creation - Dr. Jason LisleESG investing is 'a complete fraud': Venture capitalist Chamath PalihapitiyaTwo experts debate the pros and cons of ESGBetter Than CharityFreeloader UClassic Stossel: Regulation Overload with Peter ThielLaHood Holds Moment of Silence on House Floor to Honor Corporal Daniel BakerVictor Davis Hanson on Corona, California, and the Classical WorldBad Government Brings Bad InflationProf. Antony Davies: The Cost of Lockdowns, ExplainedWoke MedicineSolving Student DebtHumanize Diversity and InclusionFacts and Fallacies with Thomas SowellThe Breakfast Myth