Sleepwalking into a climate disaster: Q&A with Tariq Fancy

Tariq Fancy: Governments, not business, must take the lead on climate change. This is the latest of a series of voices from sustainability experts who are skeptical and critical of sustainability and ESG. A few months ago, Tariq Fancy, BlackRock’s former chief investment officer for sustainable investing, rattled the finance world by saying that the ESG strategies he had evangelized posed a bigger problem solution to climate change. He called the products of the booming sustainable investing industry “dangerous placebos.” A new paper by Fancy is now making the rounds…