Very good news, but enjoy it while you can.

(CNN) The market for environmental, social and corporate governance, or ESG, investing is fundamentally broken.

The numbers speak for themselves. The cumulative flow of investments into US ESG funds has been flat to slightly negative since the first quarter of 2022, according to data shared exclusively with CNN by Lipper, a financial data provider.

In the US, assets under management in ESG funds declined from $339 billion in the second quarter to $315 billion by the end of September.

However, it isn’t over yet. Aside from BlackRock CEO Larry Fink being committed to the cause, Lipper global research head Robert Jenkins told CNN there is one way ESG’s can be revived:

Artificial intelligence is probably one of the best things ever to happen for ESG because of the immense amount of data it can access and analyze. If you can incorporate the immense computational capabilities of an AI model into crunching all the data with transparency that will bring legitimacy back to it.

What America doesn’t need are supercomputer programs sifting through data to aid environmentalists in shaking down companies because of their so-called carbon footprint. We’ve already suffered through this corporate environmentalism long enough and it should be put down as quickly as it rears its ugly head.

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