A resolution introduced by Sen. Mike Braun (R-Ind.) and Rep. Andy Barr (R-Ky.) to prevent the Biden administration from promoting a “woke capital agenda” has the support of more than 100 conservative leaders and organizations. The support was organized by former Vice President Mike Pence’s political advocacy group, Advancing American Freedom (AAF), which released a…
GOP-Manchin Efforts to Block Biden’s ‘Woke’ Investing Rule Backed by More Than 100 Conservative Leaders and Groups
The Long-Term Negative Effects of ESG Will Be Catastrophic
Commentary Environmental, social, and governance (ESG) has been a hotly debated topic over the last few years. The seemingly unquestioned march towards corporate utopia has met with resistance among those who oppose the idea that government oligarchs should dictate the affairs of private business firms. The long-term effects of the ESG movement are largely ignored by…
Biden Administration’s Climate Agenda Will Damage Two-Thirds of US Retirement Accounts: Kobach
The Biden administration’s new Department of Labor (DOL) rule allowing 401(k) managers to invest in Environmental Social Governance (ESG) funds will harm two-thirds of America’s retirement accounts, according to Kansas Attorney General Kris Kobach in an interview that aired on Newsmakers by NTD and The Epoch Times on Feb. 1. Kobach said that the Jan. 30 change was…
New DOL Rule Allows Retirement Money to Finance ESG Agenda
February 1, 2023
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Business & Marketseconomic policieseconomyenergyERISAESGInvestmentpension fundspersonal financeU.S. Department of LaborUS
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U.S. lawmakers are fighting back against a new Biden administration rule that allows retirement money to be invested according to environmental, social, and governance (ESG) criteria. Every GOP senator, plus West Virginia Democrat Joe Manchin, signed on to a disapproval resolution this week in protest of a Department of Labor (DOL) directive which went into…
Capitol Report: RNC Votes for Next Chairman; Musk Meets White House Officials
Members of the Republican National Committee voted Friday for the next chairman. Did Ronna McDaniel win a fourth term? A video of the attack on Paul Pelosi last October is out. We’ll bring you footage both from a security camera and a police body cam. Elon Musk meets with White House officials. What did they discuss, and…
When the New Right Meets the Old Left on ESG
Commentary This month, conservative critics of environmental, social, and governance (ESG) investing had something of a surprise—an almost-simultaneous attack on their views from both Left and Right mounting remarkably similar arguments. Writing for CNBC last week, Democratic Senator Sheldon Whitehouse, the Senate’s climate-denier-witch-finder-in-chief, together with Senators Brian Schatz and Martin Heinrich, denounced state Republican officials for their stand against financial institutions…
Mastering the Future: The Megalomaniacal Ambitions of the WEF
January 27, 2023
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climate changeESGGreat ResetOpinionstakeholder capitalismSustainable Development GoalsUnited NationsViewpointswefWorld Economic Forum
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Commentary The fifty-third annual meeting of the World Economic Forum (WEF) brought together fifty-two world leaders, seventeen hundred corporate executives, sundry artists, and other personalities to address “Cooperation in a Fragmented World.” Fragmentation is the nemesis of the WEF and its United Nations (U.N.) and corporate partners. “Fragmentation” means that segments of the world population…
25 States Sue Biden Admin Over Rule Allowing 401(k) Managers to Put Savings Into ESG Funds
A coalition of 25 states is suing the Biden administration over a Department of Labor (DOL) rule that affects millions of retirement accounts, the attorneys general of multiple states involved in the lawsuit announced on Wednesday. The new rule set to take effect on Jan. 30 allows 401(k) managers to invest clients’ money in environmental,…
West Virginia Targets Proxy Voting in Fight Over ESG
January 25, 2023
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2024 electionBusiness & MarketsCompanieseconomic policieseconomyenergyEnvironmentESGGold and CommoditiesInvestmentMarketsPolicies & ImpactsPoliticsRepublicansRiley MooreScienceSocial IssuesstocksUSUS NewsWest VirginiaWorld Economic Forum
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In a Jan. 25 interview with The Epoch Times, West Virginia Treasurer Riley Moore outlined a new state bill intended to ensure that proxy voting for shareholders isn’t a vehicle for environmental, social, and governance (ESG) principles that undercut the interest of those shareholders. “ESG is obviously a nonsensical investment strategy that has been distorting…
Shareholders Getting Fed Up With Underperformance by ‘Woke’ CEOs
The Walt Disney Company may prove to be a cautionary tale for CEOs who have sworn allegiance to the environmental, social, and governance (ESG) movement. While it has become increasingly common for global clubs like the World Economic Forum and activist asset managers to pressure corporations to fall in line with the ESG agenda, Disney…
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