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The “E” in ESG, or “environment,” represents how the anti-fossil fuel climate movement has engulfed American corporations and is damaging our economy, energy security, and national security.
Daniel Cameron, CEO 1792 Exchangeexplains how it works in an interview with Breitbart News Editor-in-Chief Alex Marlow: 1792 Exchange works to expose corporate coercion and ideological bias and get America back to business.
Marlowe points out that the “E” in ESG (short for environmental, social and governance) is “holding back the American energy sector” and “ultimately hurting the economy.”
“But these companies are still being forced to submit to these New Left policies. Why are they accepting this? What’s going on?” Marlow asked Cameron.
Cameron explains that the “E” in ESG stands for bringing anti-fossil fuel “climate alarmism” into the boardrooms of corporate America. As Kentucky’s attorney general, Cameron says he saw firsthand the dangers of these policies for his coal-producing state.
“I’m from Kentucky,” Cameron says, “and when I heard the Biden administration or Larry Fink of BlackRock or other asset managers talking about wanting to destroy the fossil fuel industry by 2030 or 2050, that was a huge red flag to me, because Kentucky is the seventh-largest coal-producing state.”
Kentucky’s abundant coal resources give the state a “competitive advantage” in reliable, affordable energy, Cameron said. “When people try to destroy that, they’re telling me, as a state official, they try to destroy our way of life,” he said.
Cameron noted that this destructive climate change initiative is “spreading across the country” in states whose economies depend on coal, oil and natural gas, and that it not only harms state economies, but also damages U.S. energy security by making America even more dependent on unstable and potentially hostile foreign regimes for energy.
He added that such corporate “virtue signaling” about the environment is hurting the profitability of American companies and also hurting retirees whose pensions are managed by wealth funds.
“This is ultimately about using retired shareholders’ hard-earned money — teachers’, firefighters’, police officers’ money — to provide a moral voice for corporate executives and hedge fund managers to ingratiate themselves with climate alarmists,” Cameron said. “This is bad for America. This is bad for energy independence, because it means we end up relying on foreign adversaries.”
What can Americans do to stop pension fund asset managers from pursuing this left-wing climate change policy?
Cameron encourages Americans to visit 1792exchange.com And by utilizing the accumulated information, 1792 Exchangeof Corporate Bias Evaluation, Proxy Databaseand Board Bias Database.
“The public needs to realise that we don’t need to continue to fund the kind of virtue signals that these asset managers are making,” Cameron said. “What you can do – whether you’re a civil servant, a citizen or a shareholder – is educate yourself.”
As he explains: 1792 Exchange Bringing these companies “back to neutral”: “First, because it’s good for the return on investment. Second, because it’s important to the energy independence of this country. And third, it’s good for American society as a whole to have companies and asset managers that are ultimately about business and not virtue signaling.”
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