December 6, 2022--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Sometimes it's profitable to swim against the currents. To zig when everyone else is zagging. To push back on the conventional wisdom. That's what DRLL, the exchange traded fund (ETF) launched this past August, exists to do: invest in oil and gas companies according to pure financial performance, without reference to environmental, social and governance (ESG) criteria.

Many energy companies, and the DRLL fund, have criticized an effort by the U.S. Securities and Exchange Commission to compel publicly traded companies to disclose their greenhouse gas (GHG) emissions. Among those to adopt ESG criteria are BlackRock Incorporated (NYSE:BLK), Goldman Sachs Group Incorporated (NYSE:GS), Morgan Stanley (NYSE:MS), Wells Fargo & Company (NYSE:WFC), State Street Corporation (NYSE:STT) and JP Morgan Chase & Company (NYSE:JPM).