American Thinker Reports: As if you needed anything to seal the deal about the fraudiness of green and socially conscious investments, Barron's has a report (free version here) about investors now fleeing wokester Environment, Social, Governance (ESG) investment funds, which bill themselves as "sustainable investments."

Investors yanked the most money out of U.S. sustainable funds in more than five years last quarter, withdrawing a net nearly $6.2 billion to round out a tough year for environmental, social, and governance strategies.

The net flow of money into U.S. sustainable mutual and exchange-traded funds has diminished steadily since it hit a record high in the first quarter of 2021, according to a new report from
Morningstar.


The decline comes as inflation, rising interest rates, and lingering fears of recession have weighed on markets and investor sentiment.

But that doesn’t explain the whole shift. The increasing politicization of ESG investing also hurt investment strategies that prioritize social and environmental issues, said Alyssa Stankiewicz, associate director of sustainability research at Morningstar and a co-author of the report.

The report claims that these groups don't make energy investments (nor apparently, utility investments based on charts such at the one at the last bar graph near bottom of the page here), meaning, they'd lost out on an opportunity to make a profit in energy sector companies which are doing well this year.