China's Belt and Road program is a scheme where they offer predatory loans to poor countries, knowing they can't be repaid. The real motive is to create and own infrastructure in other countries: seaports, city subway systems, etc.

I think the big financial promoters of ESG (EG: Black Rock, or whoever is offering money to these companies) know that the duped company will tank their stock prices. Then maybe the stock can be purchased at a dirt cheap price.