Horner’s WSJ Letter Re: “Corporate Social Responsibility” (CSR) Funds
“Social investing” campaigns include not only promotion of preferred investments but a determined effort to disable these investments’ competition. That darker flip side involves a “climate risk disclosure” industry. Players in this “CRD” movement include state attorneys general, comptrollers and treasurers, and lawmakers combining with public pension funds, interest groups and, of course, contingency-fee lawyers. [...]