ESG is one of the causes of inflation and it is dangerous.
Marlo Oaks, the Utah State Treasurer, explains that ESG is an outgrowth of socially responsible investing, but instead of just avoiding companies, ESG engages with companies and investors to drive a political outcome. That’s why it is so problematic.
Today’s inflation starts with ESG. It starts with supply. We don’t have enough oil and gas and it’s due to the fact that there is not enough money going into oil and gas projects. In 2015, there were 59 global funds, and 46.6 billion dollars were raised. In 2021, six years later, 11 funds were raised, $4.6 billion dollars, a drop of 90% under the guise of improving economics in oil and gas, Mr. Oaks explained.
The only explanation that makes sense is ESG. People – investors – have decided they don’t want to participate in the fossil fuel industry. So, they are cutting off capital. The administration has said it.
Watch:
In an article titled “Young Global Leaders–Anderson Cooper and Leonardo DiCaprio Are In The Most Exclusive Private Social Network In The World” by Bruce Nussbaum published March 17, 2008, it’s revealed that, “Elon Musk, the chairman of Tesla Motors, the much-publicized electric sports-car company, is a new YGL.” He was a YGL but now he is taking a second look and wants ESG investigated.
His ESG was downgraded because the system is subjective and politicized. It began under the premise that it would make capitalism more moral. It’s doing the opposite and has become a weapon in the hands of people who want power – all of it.
Corporations by and large are not turning away from ESG and it spells our doom. We need more Marlo Oaks but have too many Bidens.
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For first time readers who are not up on woke acronyms:
ESG (Environmental, Social, & Governance)
Please do not regurgitate in reading the following
What Does ESG Stand For?ESG is an acronym that stands for environmental, social, and governance.
1. EnvironmentalEnvironmental factors refer to an organization’s environmental impact(s) and risk management practices. These include direct and indirect greenhouse gas emissions, management’s stewardship over natural resources, and the firm’s overall resiliency against physical climate risks (like climate change, flooding, and fires).
2. SocialThe social pillar refers to an organization’s relationships with stakeholders. Examples of factors that a firm may be measured against include human capital management (HCM) metrics (like fair wages and employee engagement) but also an organization’s impact on the communities in which it operates.
A hallmark of ESG is how social impact expectations have extended outside the walls of the company and to supply chain partners, particularly those in developing economies where environmental and labor standards may be less robust.
3. GovernanceCorporate governance refers to how an organization is led and managed. ESG analysts will seek to understand better how leadership’s incentives are aligned with stakeholder expectations, how shareholder rights are viewed and honored, and what types of internal controls exist to promote transparency and accountability on the part of leadership.
https://corporatefinanceinstitute.com/resources/esg/esg-environmental-social-governance/ 20240425 21:23 GMT
This administration is just trying to bring Americans down to poverty. This all started with this administration!
Anyone who tells the truth about almost anything — gender, food science, climate, free energy, geoengineering, etc. — is banished from having any influence in society.
So now, as a result of all this, we are ruled by the cognitively retarded who cannot process reality and have no ability to make decisions in meaningful ways that benefit society