Yep, ESG investing causes distasteful companies to be underpriced, which creates a sort of morality arbitrage. If you're okay with funding climate change, you can make a quick buck or two.
"Yes, the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders"
http://tomtoro.com/wp-content/uploads/2015/07/1-tom-toro-yes...