News Analysis Texas state senators struggled for more than six hours last week to get straight answers from Wall Street giants BlackRock and State Street, two of the world’s largest asset managers, regarding what they are doing to compel companies whose shares they own to get in line with the ESG movement. Having joined global…
BlackRock, State Street Admit Signing Net-Zero Pledges They Don’t Act On
December 29, 2022
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Capitol Report: Judge Rules Kari Lake Won’t Be Sanctioned; What’s in Sen. Rand Paul’s Festivus Report?
The fight around Arizona’s gubernatorial election continues. Governor-elect Katie Hobbs and Maricopa County have asked a court to sanction Kari Lake. Thousands of U.S. flights were canceled, the vast majority from Southwest Airlines. The Department of Transportation is saying they’ll examine what they’re calling an unacceptable rate of cancellations. Billions of dollars are spent on maintaining empty buildings and millions…
Capitol Report: Judge Rules Kari Lake Won’t Be Sanctioned; What’s in Sen. Rand Paul’s Festivals Report?
The fight around Arizona’s gubernatorial election continues. Governor-elect Katie Hobbs and Maricopa County have asked a court to sanction Kari Lake. Thousands of U.S. flights were canceled, the vast majority from Southwest Airlines. The Department of Transportation is saying they’ll examine what they’re calling an unacceptable rate of cancellations. Billions of dollars are spent on maintaining empty buildings and millions…
ESG RIP: Review of Terrence Keeley’s ‘Sustainable,’ Part 4
December 27, 2022
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Concern about catastrophic climate change has been the biggest factor driving ESG, yet the likelihood of climate change being catastrophic and the attainment of net zero are not open to debate or challenge by participants in financial markets. In the last of his four part review of Terrence Keeley’s “Sustainable,” Rupert Darwall argues that this…
ESG RIP: Review of Terrence Keeley’s ‘Sustainable,’ Part 3
Commentary In the third of his four part review of Terrence Keeley’s Sustainable, Rupert Darwall writes that ESG rests on a vision of the free-market economy that says capitalism needs to be led by people with the right values, which raises the question: Whose values? This makes ESG inherently divisive, explaining the pushback ESG is…
Ottawa’s Climate Reporting Goal Said to Be ‘Onerous’ for Small Business
News Analysis Ottawa has committed to turning Canada into a global leader in environmental, social, and governance (ESG) reporting, and as the time draws nearer for new regulations to hit public companies, analysts say small business stands to get hit disproportionately hard. Regulations are being crafted by international bodies to ensure consistent global standards. They…
ESG: How Governments Use Corporations to Achieve Their Agenda and Control People
Commentary Politics and business used to be two separate worlds. Politicians are supposed to make laws, and CEOs are meant to make profits, but all that is changing. The EpochTV documentary “The Shadow State” addresses the rising dominance of ESG. Short for Environmental Social Governance, ESG is a business scoring system that unites corporations, governments,…
ESG RIP: Review of Terrence Keeley’s ‘Sustainable,’ Part 2
December 16, 2022
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ESG investment strategies can see investors giving up financial returns for no societal gain. In the second of his four part review of Terrence Keeley’s Sustainable, Rupert Darwall explores the implications of investment theory for ESG artificially constraining investment opportunities; the risks of regulators worsening an already inflated ESG bubble; and the distortions that arise…
ESG Funds Use Financial Strong-arming and Thuggery CCP Style
Commentary There’s no such thing as blue money or red money. Only the green stuff will pay bills. Friday, North Carolina State Treasurer Dale Folwell became the latest of many officials from nearly half the states across the United States—including Florida, Texas, Kentucky, Missouri, Arizona, and West Virginia—to protest Wall Street’s blue investment strategy, also…
ESG RIP: Review of Terrence Keeley’s ‘Sustainable,’ Part 1
December 14, 2022
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Commentary ESG has its origins in a speech by U.N. secretary-general Kofi Annan at the Davos World Economic Forum in 1999. In the first of this four part review of Terrence Keeley’s “Sustainable: Moving Beyond ESG to Impact Investing,” Rupert Darwall shows how this created ESG’s dual mandate that accounts for its success—and its unsustainability…
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