A peer-reviewed study by five lead authors published June 29th in the journal Global Environmental Change:
Slash annual energy use per person from Canada – 232 Gigajoules (GJ), U.S. – 204 GJ, and France 95 – GJ to a very low 27 GJ per year
“Fairer income distribution is crucial for achieving decent living standards at low energy use”
“To reduce existing income disparities, governments could raise minimum wages, provide a Universal Basic Income, and introduce a maximum income”
“We also need much higher taxes on high incomes, and lower taxes on low incomes”
Move from “an animal-based to a plant-based diet”
Move from “individual to collective transport”
Move from “motorized to active” (walking and cycling) travel
“Economic growth beyond moderate levels of affluence is detrimental for aspirations of sustainable development”.
“Degrowth… is an idea whose time has come”
“In short,” the study’s authors sum up, “we need to abandon economic growth in affluent countries, scale back resource extraction, and prioritize public services, basic infrastructures and fair income distributions everywhere.”
Alex Epstein: "ESG was a movement cooked up at the UN--not exactly a leading expert in profitable investment--to impose moral and political agendas, largely left-wing ones, on institutions that would not adopt them if left to their own devices." - "The number one practical meaning of ESG today is: divest from fossil fuels in every way possible, and associate yourself with "renewable" solar and wind in every way possible."
The preposterous financial pretense of "ESG investing" is that the promoters of it have so accurately identified universal norms of long-term value creation--Environmental norms, Social norms, and Governance norms--that imposing those norms on every company is justified.Divesting from fossil fuels is immoral because:
1. The world needs much more energy. 2. Fossil fuels are the only way to provide most of that energy for the foreseeable future. 3. Any problems associated with CO2 pale in comparison to problems of energy deprivation.ESG defunding fossil fuel projects in the poorest parts of the world will mean: more babies die for lack of incubators and other medical equipment, more deaths from lack of water treatment plants and modern sanitation, more deaths from lack of heating and air-conditioning.
Every leading ESG institution should be called out for their genocidal policies toward the poorest parts of the world. They should be shamed for placing their own virtue-signaling above billions of actual human lives.