A coalition of 13 Republican attorneys general filed a “motion to intervene” on Monday, asking a federal energy regulator to block The Vanguard Group from buying shares of publicly listed utility firms due to its decarbonization goals. In February, Pennsylvania-based Vanguard asked the Federal Energy Regulatory Commission (FERC) to extend the blanket authorization granted in…
GOP Attorneys General Seeking to Prevent Vanguard From Purchasing Utilities Over Climate Agenda
December 1, 2022
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Big Tech, Censorship, and SocialismBusiness & Marketsclimate change agendaCompanieseconomic policiesESG StandardsFeatured Topicsinvesting in utility companiesPacifiCorpPolicies & ImpactsPoliticsSocial IssuesUSVanguard
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Activists Looking to Gain More Power in Company Elections
November 21, 2022
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activist investorsBusiness & MarketsCompanieseconomic policiesESG StandardsPoliticsShareholder Votethe U.S. Securities and Exchange Commission (SEC)US
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New election rules imposed by U.S. regulators have many firms worried about shareholder activists becoming members of company boards. The Securities and Exchange Commission (SEC) recently finalized revisions to corporate director election rules by mandating that companies must provide shareholders voting through proxy a “universal ballot.” According to outgoing rules, shareholders voting via proxy (like…
Ex-Treasury Secretary Says Biden Should Fight Inflation by Cutting Regulations, Make It Easier to Drill and Frack
October 21, 2022
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Business & Marketsclimate change agendaeconomyenergy deregulationESG Standardsfossil fuelsinflationLarry SummersrecessionUS
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The Biden administration needs to reduce regulations and assist oil and gas companies in order to bring down inflationary price pressures on the U.S. economy, said former Treasury Secretary Larry Summers during a recent interview with CNN. When asked what the administration could do about the recession that many fear could hit the economy next…
Wall Street Should Be Honest About the ‘G’ in ESG Investing
September 13, 2022
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Business & MarketsBusiness ColumnistsCorporate ActivismEnvironmentalESGESG StandardsgovernanceInvestmentMarketsSocialstocks
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Commentary Note: This is the third of a three part series on ESG—environmental, social, and governance—investing. Two previous columns addressed the environmental and social elements of ESG investing. Here, we discusses the last element, corporate governance. In this third discussion of ESG investing, we see how governance—as with “social”—arises not from what it was intended…
ESG Is Trojan Horse for Politics: Watchdog; Diesel Prices Headed Back Up: Analyst | NTD Business
Diesel prices are under $5 for the first time in six months, but will it last? Nearly 20 states are pushing back against the world’s largest asset manager, saying it’s politicizing investments, and even endangering national security. Apple is warning users to update devices after finding vulnerabilities that could be exploited. McDonald’s tests out a…
ESG Poses Biggest Threat to Capitalism and Democracy in America: Vivek Ramaswamy
August 13, 2022
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BlackRockBusiness & MarketsCompanieseconomic policieseconomyenergyESG StandardsUSUS NewsVivek Ramaswamywoke corporations
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The push toward environmental, social, and governance (ESG) standards in the private sector is the “single greatest threat” to both democracy and capitalism in the United States, entrepreneur Vivek Ramaswamy said. Agendas that the government cannot directly achieve via the Constitution are being pushed through the ESG movement in the private sector, he said. The…
Is Investing Based on ESG a Scam?
Investing in Environmental, Social, and Governance (ESG) companies is currently at the forefront of business news. Many brokerage firms are offering products with the ESG criteria. In addition, mutual funds and robo-advisors are also offering ESG products. Some companies are claiming to use ESG practices. However, defining precisely the criteria rating is often ambiguous. What is…
Red States Fighting ‘Woke’ Banks That Push Anti-Fossil Fuel Policies
August 5, 2022
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Business & MarketsCompanieseconomyenergyESG StandardsLocal NewsPoliticsred statesRegional-Local NewsUSwoke bankswoke ideology
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Republican states are fighting efforts by certain banks to push environmental, social, and governance (ESG) standards that promote, among other progressive agenda, anti-fossil fuel policies. Over the past year, at least 15 Republican-led states have proposed policies or laws that would punish banks for taking an anti-fossil fuel stance. State financial officers from Texas, Arkansas, Utah,…
New Global ESG Standards Designed to Kill Small Businesses
Commentary The new global environmental, social and governance (ESG) accounting standard that is about to be implemented in Canada may well prove fatal to all but the biggest of businesses. According to Dr. Tammy Nemeth, the new carbon emission standards and policies are designed to strangle the hydrocarbon industry by “disqualifying it from financing, insurance…
Poor Tax and Energy Policies Behind Canada’s High Gas Prices, Advocates Say
Advocates for taxpayers and affordable energy blame the various levels of government in Canada for high gas prices and resultant high inflation, saying that tax relief and promotion of pipelines and the energy sector would alleviate the problem. In recent days, gas prices reached record highs in most regions of Canada, surpassing $2 per litre….
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