Beck: "I want to invest in this company, it's a gun company oh they've got an ESG score of two. Well I don't care because I believe that's going to go up. But it doesn't matter. You're not doing it for that anymore you're not doing it to make money, you're doing it for the overall good of society this is the end of capitalism." ... "It doesn't matter that these companies might be worth more we think the investment should go to these companies because they're socially woke. When that happens, the stock market means nothing, nothing because it is basically at the barrel of a gun the government and the big businesses have decided who's going to get the money."
Read the fabulous Ben Zycher‘s even more fabulous House testimony on the ongoing climate communist bid to convert corporate America into useful idiots via ESG (Environmental Social and Governance), which used to be called CSR (Corporate Social Responsibility).
Zycher to Congress: "The campaign for ESG (Environmental, Social, & Governance Responsibility) investment and disclosure is a blatant effort to use private-sector resources for ideological purposes, in the context of the unwillingness of the Congress to enact such policies as an outcome of the legislative bargaining process." ...
“Sustainability” is poorly defined, so that its objectives are limitless, and the Memorandum fails to tell us how to evaluate the inexorable tradeoffs among them and with the traditional business objective of value maximization." ...
"One could easily imagine that such self-protective “disclosures” might run thousands of pages, with references to thousands more, and the idea that this “disclosure” requirement would facilitate improved decision making by investors is difficult to take seriously."
The Securities and Exchange Commission today announced the creation of a Climate and ESG Task Force (Environmental, Social, & Governance Responsibility) in the Division of Enforcement. ... Consistent with increasing investor focus and reliance on climate and ESG-related disclosure and investment, the Climate and ESG Task Force will develop initiatives to proactively identify ESG-related misconduct. The task force will also coordinate the effective use of Division resources, including through the use of sophisticated data analysis to mine and assess information across registrants, to identify potential violations. The initial focus will be to identify any material gaps or misstatements in issuers’ disclosure of climate risks under existing rules. The task force will also analyze disclosure and compliance issues relating to investment advisers’ and funds’ ESG strategies.
Editor of Radical Urbanist, Paris Marx in Oct. 2020: "A new Oxfam report finds that the richest 1 percent of people alone are responsible for double the emissions of the poorest 50 percent of the global population. That means that even if the working class of the Global North took all the individual actions that are recommended or we forced poor people in the Global South to stop having kids, that still wouldn’t solve the problem." "The kind of climate action we need requires taking on the wealthy and organizing around a vision for a different kind of society. That means not just making the rich pay higher taxes, but actively dismantling the economic structures that facilitate their wealth accumulation, treat the planet as an unlimited bounty of free raw materials, and generate all the emissions warming the planet."
"Our remaining carbon budget is being sacrificed so the global elite can keep their lavish lifestyles, while they take private jets to climate conferences so they can give the impression they care. Virgin founder Richard Branson has been a leader in this billionaire greenwashing, making climate pledges he didn’t follow through on while expanding his airline business. Similarly, Elon Musk claims to care about the climate to sell more automobiles, while criticizing public transit and trying to stop high-speed rail projects. But maybe the most prominent of these billionaires who greenwash their unsustainable activities is Jeff Bezos. Earlier this year, the Amazon CEO was lauded in the press for his $10 billion Bezos Earth Fund — he even bought the rights to rename a Seattle stadium after his climate pledge! But no grants have yet been issued from the fund, while Amazon continues to help oil and gas companies more efficiently extract fossil fuels."
Britain said it planned to treble tree planting rates over the next three years to help reach its target of net zero carbon emissions by 2050, as part of efforts to fight climate change..."We will make sure that the right trees are planted in the right places and that more green jobs are created in the forestry sector," Eustice is due to say, according to a government statement published on Sunday.