ESG Financial “Leaders” Live In La-La Land
Estimated Reading Time: 2 minutes This week, I virtually attended “The ESG Leadership Forum 2022” co-hosted by the Wall Street Journal Trust and Nasdaq. Panel discussions covered everything from accelerating the energy transition to how to model climate risks into climate strategy to getting to net-zero with tips on how to “actually deliver” on ESG […]
The ESG proxy advisor game starts to crack
For many years, “proxy advisory” services have been provided by a duopoly of two companies, Glass Lewis and Institutional Shareholder Services, which together have a 97 percent market share, driven by blatant political bias. “Proxy advice” means recommendations to investors with large stakes in publicly traded companies, retirement funds and large asset managers about how […]
Will ESG Reform Capitalism—or Destroy It?
Estimated Reading Time: 5 minutes What “stakeholder capitalism” really means for the world. Stakeholder capitalism has taken the global economy by storm in recent years. Its champions proclaim that it will save—and remake—the world. Will it live up to its hype or will it destroy capitalism in the name of reforming it? Proponents pitch […]
BlackRock adds new proxy advisory firm amid ESG criticism as critics say ‘too little, too late’
BlackRock Inc. said on Tuesday it was teaming up with a third proxy advisory firm to offer broader investment advice to clients, as critics say the asset manager is seeking to defy accusations that it is more committed to ESG (environmental, social and governance) principles than its fiduciary responsibilities warrant. In a release obtained by […]
EXCLUSIVE: House Oversight Chair Probes IRS On Potentially Illegal ESG Practices
House Oversight Committee Chairman James Comer sent a letter Thursday to IRS Commissioner Daniel Werfel, inquiring about how how environmental, social and governance (ESG) actions by retirement plan administrators violate the IRS Internal Revenue Code (IRC). The Daily Caller first obtained a copy of the letter, in which Comer requests information about state pension fund […]
The Scam Called ESG
What is this thing called ESG? It stands for Environmental, Social, and Governance. Sounds great, doesn’t it? What could possibly be the harm of seeking to promote these virtues in our corporations? I mean, seriously, who doesn’t want companies that seek to emulate these values? I will be the first to admit that when I […]
EU’s new ESG rule affects American companies, social credit
The European Union has just given final approval to new ESG requirements that will affect companies around the world. While the rules directly target companies that sell $500 million worth of products, any company that does business with those companies, no matter how small, must comply with the new rules as well. Affected companies will […]
Facebook’s ESG Agenda Went Down to Georgia and Trashed a Trophy Fishing Lake
Meta, the parent firm of Facebook, was in the media promoting its environmental, social, and governance (ESG) virtues in December 2021. That preening didn’t end well for the company this month after a decision was handed down in a lawsuit dealing with the destruction of a trophy fishing lake in Lumpkin, Georgia. “We thank Silicon Ranch . […]
A Short ESG Guide: Economic Problems
The Environmental, Social, and Governance movement has wrapped itself in the garb of justice. It is just as much a moral crusade as it is an economic, social, or political one, with the unfortunate effect that those who criticize ESG can easily be sidelined and dismissed as reactionary, selfish, or worse. Be that as it […]
Bogus ‘ESG’ Group Rates China’s Slave-Fueled Energy Firms Better Than U.S. Oil And Gas Companies
Editors’ Note: Either by accident or design (your choice), the environmental movement and its subsidiary the ESG movement, always seems to tilt the scales towards benefiting China and hurting the US. Whether making us dependent on Chinese-dominated solar panels and windmills, weakening our electrical grid, willfully overlooking the massive use of coal in China, or […]