2 is a big one. There are large ESG funds with very political agenda. Shareholders don't care about the agenda, but want the ESG money, and if all it takes is c

2 is a big one. There are large ESG funds with very political agenda. Shareholders don't care about the agenda, but want the ESG money, and if all it takes is creating a "diversity officer" role, they'll do it. But right now the ESG funds are experiencing financial difficulties, and so the shareholders are dumping them.