ESG News
June 2023
Peak ESG behind us: Investors throw out climate fantasies — Joanne Nova
Carol Roth: You will own nothing
May 2023
Insurers flee climate alliance after ESG backlash in the U.S. - Reuters
No More Cheap Flights Is the New Reality for Air Travel - Bloomberg
BlackRock’s Tyrannical ESG Agenda — Unherd
The Netherlands’ Misguided Nitrogen Policy — by Koen Vogel
China’s “green” energy plans for world domination by 2050 — Climate Discussion Nexus
April 2023
TikTok to remove climate change denial videos and direct users to 'authoritative information' — Sky News
Capitalism, Socialism, and ESG — by Rupert Darwall
Cop28 president: world needs business mindset to tackle climate crisis — shows how deeply the virtue signaling is and how bad things will get.
Warren Buffett: Companies Should Stop Wasting Time On Diversity — video
March 2023
Berliners vote down tighter climate goals.
Money flowing out of ESG funds as fast as it went in.
News coverage a better predictor of markets than ESG, study finds — Fox Business:
“ESG funds have underperformed broader markets in the last five years, with a 6.3% return compared to an 8.9% return for the average market, according to a Bloomberg analysis.”
House Votes to Block Biden Rule Allowing Retirement Fund Managers to Prioritize Social Causes
BlackRock and Vanguard come under fire from 19 US States over ESG ideology
February 2023
Mark Morano speech at the Heritage annual meeting on climate: Freedom vs Tyranny. Watch.
Green Energy: Greatest Wealth Transfer to the Rich in History, by Steve Goreham:
“We are in the midst of history’s greatest wealth transfer. Government subsidized wind systems, solar arrays, and electric vehicles overwhelmingly benefit the wealthy members of society and rich nations. The poor and middle class pay for green energy programs with higher taxes and higher electricity and energy costs. Developing nations suffer environmental damage to deliver mined materials needed for renewables in rich nations.”
ESG investing, not so good for investors, by Vaughan Cordle:
“Fees to hold ESG investment funds are, on average, 43 percent higher than conventional investment funds. Worldwide ESG assets total about $3 trillion; multiply that by exorbitant fees and you understand why asset managers want to push the ESG investment concept.”
Ron DeSantis Announces Crackdown on ESG Investments Using State Funds
Shell’s board of directors sued over ‘flawed’ climate strategy in first-of-its-kind lawsuit — A group of lawyers called ClientEarth is suing board directors individually and personally for their role in helping people stay safe and warm (or cool) against the elements.
Over 100 groups back Manchin, GOP plan to block Biden’s ‘woke’ ESG investing rule — Fox News:
Last week, every Republican senator and West Virginia Democrat Joe Manchin introduced legislation that they hope will terminate a new Department of Labor rule that allows retirement plan managers to factor environment, social and governance (ESG) issues into investment decisions, which they say "politicizes" the retirement savings for 152 million Americans.
Glenn Beck video: ESG is the #1 problem we have as a society right now.
State Legislation Targets Company Policies on ESG — Harvard Law School Forum on Corporate Governance:
According to a new Reuters analysis, in 2022, there were at least 44 bills or new laws in 17 states “penalizing such company policies, compared with roughly a dozen such measures in 2021….The growing restrictions show how America’s culture wars are creating new risks for some of the most high-profile U.S. companies, forcing them to balance pressure from workers and investors to take stances on hot-button issues with potential backlash from conservative policymakers.” Some state officials accuse the targeted companies of “using the power of their capital to push their ideas and ideology down onto the rest of us.” These new prohibitions can create serious impediments to companies’ ability to conduct state business, implicating billions of dollars.
January 2023
The Phony Ethics of ESGs — a very well written and skeptical summary
25 State Attorneys General Sue Biden Administration Over ESG Retirement Plan Rule
A Class-Action Wave Is Coming for ESG Claims — Bloomberg
In-house counsel all over the world are bracing for a greenwashing lawsuit tsunami amid tougher disclosure requirements.
ESG darling Britishvolt, which promised batteries for all, has declared bankruptcy. Apparently, subsidies are not a “sustainable” business model.
ESG: 2022 Banking Industry Survey: 67% of banks plan to purchase assets in carbon markets to offset their use of fossil fuels; 50% say setting achievable ESG goals and reporting compliance are priorities.
Davos Is A Grift And A Cult But It’s Also A Bid For Global Domination — Public
Davos: Why Some Executives Wish E.S.G. ‘Just Goes Away’ — New York Times
Fed wants climate risk analysis from 6 largest U.S. banks by July 31 — Reuters
Kentucky Joins the Crusade Against ESG — Stopping Socialism
Klaus Schwab’s World Economic Forum Champions Neo-Fascism at Annual Meeting in Davos — Stopping Socialism
John Lee Pettimore Twitter thread on how green energy will destroy the earth (4 million views).
World Economic Forum Pushes "15 Minute City" To Save Humanity
As reported previously at RAIR Foundation USA, the city council has announced that it will divide Oxford into 15-minute neighborhoods or small 15-minute towns billed as "greener, cleaner and safer." To further seize control of people's lives, Globalists are pushing the false idea that these "green" cities, which make services accessible to residents within 15 minutes of their homes, will "save the planet" and help all humanity.
Instead, they are nothing more than a way for them to restrict, coerce, fine, punish, surveil, and limit the fundamental right of freedom of movement for residents. For example, residents are not allowed to leave your 15-minute city by car more than the allotted times a year. Otherwise, you will be fined. In addition, the government will track and control your every movement through your smartphones & facial recognition technology.
Heritage Foundation round table on ESGs.
“This is economic extortion.” - Riley Moore, treasurer of West Virginia.
”The politicization of capital allocation in this country is a very problematic development.” - Rep Andy Barr of Kentucky,
Calls to ban gas stoves are anti-science, anti-freedom, and anti-energy, by Alex Epstein
SEC Commissioner Says ESG Rules Would Quadruple Company Reporting Costs —Costs associated with the SEC's proposed ESG reporting rules may increase public companies' regulatory reporting costs from about $2 billion to $8.4 billion per year, agency commissioner Mark Uyeda said today.
Net Zero Will Lead to the End of Modern Civilization, Says Top Scientist
The Climate Case of the Century - Clintel intervenes in a government/NGO witch hunt that has distorted science.
Vanguard quits net zero climate effort, citing need for independence - Reuters
FTX And ESG: A Panorama Of Failed Governance (Pt 1 – The Internal Failures) - Forbes
Study Reveals Cost of Climate Disclosure for Issuers and Investors
-- Corporate Issuers are currently spending an average of more than $675,000 per year on climate-related disclosures, and institutional investors are spending nearly $1.4 million on average to collect, analyze and report climate data.
Why it isn’t mad to oppose the World Economic Forum, by Samuel Gregg
No, Humans Are NOT Causing A "Sixth Mass Extinction,” by Michael Shellenberger
Suicidal ESG Policies Have Failed Everyone Other Than Russia, China, and Financial Advisors - JD Rucker blog