GET WOKE, GO BROKE: High ESG Scores Foreshadow Economic Decline. “Undoubtedly, Sri Lanka’s dalliance with ESG has been a clarion call to the world. Following its president’s resignation, the South Asian nation is basically on the verge of collapse. . . . Sri Lanka was praised as a model ESG candidate for committing to carbon neutrality by 2050 and halving its nitrogen use. Today, it’s experiencing 54.6% runaway inflation. The aforementioned Ghana, the Netherlands, and Sri Lanka case studies prove ESG policies have ruinous effects on political stability, economic growth, and inflation rates. And these won’t be the last countries with high scores to experience turmoil.”
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