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ESG IS DEAD. The Most Expensive Virtue Signal In History Just Collapsed.

Turns out investors prefer returns to lectures. A retrospective on the most expensive virtue signal in finance history.

Rachel Owens

May 15, 2026

8 min read
ESG IS DEAD. The Most Expensive Virtue Signal In History Just Collapsed.

Editorial staff reporting. This is a representative article preview for the Hannah Grossberg News design.

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