Insurgent parties are warning that banks’ environmental, social, and governance (ESG) policies are being used to penalise certain views such as critiquing net zero policies. The leader of the Reform Party Richard Tice told The Epoch Times that his commercial mortgage was refused last year because of his outspokenness on net zero policies, which went…
British Politician Warns That Corporate ESG Policies Are Being Used to Penalise Political Views
Biden’s ESG Investment Rules Threaten Your Retirement Savings
Commentary President Joe Biden’s Labor Department recently announced a new rule that will permit money managers to play politics with trillions of dollars of people’s retirement savings. The administration is pushing environmental, social, and governance (ESG) investing, which allows retirement fund managers to select stocks of companies based on their positions on social and environmental…
In ESG Debate, Some See Threat to Livelihood, Traditional Values
January 11, 2023
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Charlie Masters, Kentucky farmer, has watched the prices rise. Diesel fuel and nitrogen fertilizer, two of the most critical ingredients for running his Fleming County beef and produce operation, are still costlier than just two years ago. That’s partly due to recent fluctuations in the prices of oil and natural gas. What’s behind those trends?…
ESG Bond Issuance Slumped in 2022 as Greenwashing Headaches Persist
Is the boom over for global environmental, social, and governance (ESG) bonds? In 2022, businesses and governments worldwide raised $863 billion in ESG bonds, down 19 percent from the previous year’s haul of $1.1 trillion, according to data compiled by Bloomberg. This is the first time sustainable bonds have declined since they were introduced in…
Wharton Wokeness Decades in the Making
January 7, 2023
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economyEducation & Family NewsESGSocial IssuesUniversity of PennsylvaniaUSWhartonWharton Schoolwoke capitalismwokeness
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When Wharton announced the creation of majors in “environment, social, and governance” (ESG) and “diversity, equity, and inclusion” (DEI) in the summer of 2022, it represented the fruit of seeds planted decades earlier on its hallowed grounds. Traditionally, it was understood that the purpose of a business was to maximize value for shareholders. But in recent decades,…
Wharton’s Majoring in Woke Capitalism—Some Are Taking an Elective in Dissent
January 7, 2023
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economyEducation & Family NewsESGSocial IssuesUniversity of PennsylvaniaUSWharton Schoolwoke capitalism
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Commentary One of America’s storied Ivy League executive training grounds is elevating a view of capitalism that shuns the very enterprises from which its namesake made his fortune: In 2023, the University of Pennsylvania’s Wharton School will offer a new major called Environmental, Social and Governance Factors for Business. The nation’s first business school was founded…
‘60 Minutes’ Exhumes Enviro Cult Leader for a New Round of Scaremongering
Commentary Earth is headed for a sixth extinction, warned biologist Paul Ehrlich on “60 Minutes” this Sunday. And since Ehrlich has predicted about 20 extinctions over the past 60 years, he’s a leading expert on the issue. Couldn’t “60 Minutes” find a fresh-faced, yet-to-be-discredited neo-Malthusian to hyperventilate about the end of the world? Why didn’t…
ESG: Mixing Politics and Business Lowers Living Standards
Commentary A recent PwC-sponsored article in a national newspaper proclaimed the “benefits” of employing self-styled experts in something called environmental, social, and governance (ESG) corporate disclosure. The firm warns not using their services may put executives offside with increasingly strict regulatory authorities, institutional investors, and politicians. Yet PwC’s advertorial points create more questions than answers….
Kentucky Joins Growing Movement to Blacklist ESG Banks
January 4, 2023
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Kentucky has joined a growing list of conservative states that have begun to boycott banks they charge are discriminating against the fossil fuel industry. In compliance with a Kentucky law passed in March, State Treasurer Allison Ball yesterday released a list of banks that “are engaged in energy company boycotts.” This list included Wall Street…
2022: The Year ESG Fell to Earth
Commentary The year 2022 brings an end to an era of illusions: a year that saw the end of the post–Cold War era and the return of geopolitics; the first energy crisis of the enforced energy transition to net zero; and the year that brought environmental, social, and governance (ESG) investing down to earth with…
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