Commentary How do you solve a problem like Environmental, Social, and Governance (ESG), the progressive investing movement that has now become entrenched across Wall Street? Since 2015, ESG has been steadily integrated into the global financial markets to create a private sector funding vehicle for the United Nations-led climate and sustainable development programs. To achieve…
Defense Bill That Defunds DEI, Provides Compensation for Vaccine-Related Discharges Advances in House
June 22, 2023
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2024 electionBiden FY24 Budget RequestcongressCritical Race Theory (CRT)DemocratsdiversityDiversity (DEI) Equity and Inclusionenvironmental social and governance (ESG) policiesequityExecutive BranchHouse Armed Services CommitteeNational SecurityPolicies & ImpactsPoliticsRepublicansUSUS FY24 Military BudgetUS News
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2024 electionBiden FY24 Budget RequestcongressCritical Race Theory (CRT)DemocratsdiversityDiversity (DEI) Equity and Inclusionenvironmental social and governance (ESG) policiesequityExecutive BranchHouse Armed Services CommitteeNational SecurityPolicies & ImpactsPoliticsRepublicansUSUS FY24 Military BudgetUS News
All things considered, adopting a 416-page, near-$1 trillion spending plan with more than 800 amendments over a 14-1/2 hour span—including more than 11 in deliberative, often heated, debate—is a good day’s work for a congressional committee. So, there was a bit of congratulatory relief as the clocked crawled toward 12:30 a.m. on June 22 when…
‘Why ESG Is the Devil’: How ‘Inclusive’ Companies Crush ESG Ratings
June 16, 2023
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Business & MarketsCompanieseconomic policiesenvironmental social and governance (ESG) policiesPolicies & ImpactsS & P GlobalteslaUS
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Propagating skewed criteria, environmental, social, and governance (ESG) standards end up promoting companies with “inclusive” values and a progressive agenda rather than actual environmental or positive social impact. Recently S&P Global gave Tesla an ESG score of 37, with the electric vehicle manufacturer garnering 60 points on the “environmental” front, 34 for “governance and economic,”…
Toyota Shareholders Defeat Climate-Change Proposal, Decline ESG Funds
June 15, 2023
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Asia & PacificBusiness & Marketsclimate change agendaCompaniesenvironmental social and governance (ESG) policiesWorld
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A climate-change disclosure proposal at Toyota that was pushed forward by three European funds has been voted down by shareholders. Danish pension fund AkademikerPension submitted the climate resolution together with Norway’s Storebrand Asset Management and Dutch pension investment company APG Asset Management in May. The resolution sought to make Toyota improve the disclosure of its…
Why Banks Are Fighting ESG Regulations in the States
Commentary For the last few years, the mirage of environmental, social, and governance (ESG) has been exposed for what it is: a backdoor attempt to use Americans’ investments to fund far-left political goals. Corporations’ ESG commitments are preventing investment in natural resources such as oil, gas, and coal, even as Americans are pounded by higher…
Not Just Target: Walmart’s ESG Efforts Focus on Catering to LGBT Agenda
May 29, 2023
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Business & MarketsCompanieseconomic policiesenvironmental social and governance (ESG) policiesSocial Issuestransgender agendaUSUS NewsWalmart
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Similar to Target, Walmart’s environmental, social, and governance (ESG) report reveals that the company makes special provisions for LGBT groups, including specifically sourcing supplies from people professing such identities. Target has been the focus of boycott calls due to offering Pride products this year aimed at children. Target’s 2022 ESG report (pdf) shows that at…
Lloyd’s Becomes Latest Firm to Exit UN’s Net-Zero Alliance
May 27, 2023
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Business & MarketsCompanieseconomic policiesenvironmental social and governance (ESG) policiesEuropenet zero insurance allianceUKWorld
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Insurance company Lloyd’s of London has announced its exit from a net-zero alliance for insurers—the sixth such organization to have pulled out from the initiative within a week. The Net-Zero Insurance Alliance (NZIA), convened by the United Nations, seeks to commit group members, composed of the world’s leading insurers and reinsurers, to fighting climate change….
The FedNow Endgame: Total Control via Digital Dollar and ESG?
Commentary Control over money is likely to be the next level of tyrannical power to come from the left, the Biden administration, and the World Economic Forum (WEF). We’re about to enter a new era in banking, business, and personal privacy. Actually, the opposite is true. We’re about to enter a new era where there’s…
Climate Is Important, but Oil Is ‘Vital,’ Admits BlackRock CEO: We’re Not ‘Environmental Police’
March 17, 2023
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BlackRockBusiness & Marketsclimate change alarmismCompanieseconomic policieseconomyenergyenvironmental social and governance (ESG) policiesesg agendaInvestmentLarry FinkMarketsUSUS News
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BlackRock CEO Larry Fink admitted in a 2023 annual letter to investors that oil and gas are “vital” to global energy demand—a shift from his earlier stance promoting a climate change agenda which focused on progressive values that denounce fossil-based fuels. “For years now, we have viewed climate risk as an investment risk. That’s still…
Woke Policies Backfire on Wall Street
Commentary The rapid rise and near dominance of the ESG (Environmental, Social and Governance) agenda in corporate board rooms and executive suites is one of the more remarkable business transformations of the 21st century. ESG requires that directors and managers look beyond their traditional and singular focus on shareholder value creation, usually but not always…
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