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Is Sustainable Investing Really A Dangerous Placebo?

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Tariq Fancy, BlackRock�s former sustainable investing chief, caused a splash last month when he claimed that sustainable investing is �a dangerous placebo that harms the public interest�, �like selling wheatgrass to a cancer patient�. This ruffled the feathers of many ESG advocates, who immediately got on the defensive and started arguing why Fancy must be wrong.

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