New Heartland Study: European Union Is on the Verge of Subordinating America Through New Global ESG Law
New Heartland Study: European Union Is on the Verge of Vassalizing America Through New Global ESG Law By Justin Haskins, James Taylor, Jack McPherrin, Lois Perry ‘The CSDDD is the greatest threat to America’s sovereignty since the fall of the Soviet Union.’ ‘If allowed to proceed unchecked, the CSDDD will eviscerate U.S. sovereignty, economic prosperity, free markets, and individual […]
Amazon Launches ‘High-Quality’ Carbon Credit Investment Service – To help Amazon’s supply chain companies ‘address their own climate footprints’ & ‘decarbonize’
Amazon Launches Carbon Credit Investment Service By Mark Segal Amazon announced the launch of a new service, providing access to high-quality carbon credit investments to companies in its value chain with net zero climate targets. According to Amazon, the new service aims to utilize its scale and resources to help companies to start investing and […]
Poll: Majority of Americans Oppose ESG as State Financial Officers Fight Against It
https://www.breitbart.com/politics/2025/03/20/exclusive-poll-majority-americans-oppose-esg-state-financial-officers-fight-against-it/ By Sean Moran A majority of Americans oppose controversial environment, social, and governance (ESG) policies, which state financial officers across the nation have committed to fighting, Breitbart News has learned exclusively. A survey conducted by TargetPoint, exclusively obtained by Breitbart News, found that 56 percent of Americans agree that “ESG is a highly subjective, politically […]
Bloomberg: BlackRock ‘is dialing back on ESG to placate its Republican critics’
https://www.bloomberg.com/news/features/2025-03-20/blackrock-dials-back-esg-in-campaign-to-placate-trump-s-republicans?embedded-checkout=true March 20, 2025, By Saijel Kishan Excerpt: The Wall Street behemoth is dialing back on ESG to placate its Republican critics. Late last month, 800 or so revelers gathered at the Black Tie & Boots Gala, a celebration of conservative politics in deep red Texas. The sponsor at table No. 15: BlackRock Inc., the […]
‘The Death of Corporate DEI Efforts Is Premature’ – Trump critics say companies are showing ‘moral cowardice’
https://www.bloomberg.com/news/newsletters/2025-03-19/target-meta-goldman-sachs-and-the-dei-pullback-under-trump By Brad Stone President Donald Trump’s rollback of what he calls “discriminatory equity ideology” started on his first day in office and continues even today, with a memo aimed at the foreign service. Bloomberg Businessweek Editor Brad Stone writes in Remarks for April’s issue of the magazine about American companies’ widespread withdrawal of efforts to diversify their workforces and […]
Bloomberg News: ‘Shareholder Capitalism Is Back’: ‘After spending too many years trying to signal their virtue, companies are focusing once again on returns to investors’
https://www.bloomberg.com/opinion/articles/2025-03-10/shareholder-capitalism-is-back?embedded-checkout=true by Allison Schrager of Bloomberg News The virtue economy, the only bubble I have ever called, has now completely burst. Many companies are cutting their DEI programs, flows into ESG funds in the US have fallen, and companies are being more quiet about politics. The disappearance of the virtue-industrial complex does not come without a cost, on […]
Bloomberg News: US Anger Grows Over Global Reach of EU’s ‘Hostile’ ESG Rules
https://www.bloomberg.com/news/articles/2025-03-05/us-anger-mounts-over-global-reach-of-eu-s-hostile-esg-rules?embedded-checkout=true As trans-Atlantic relations grow increasingly fraught, Europe’s ESG regulations are becoming yet another flashpoint that threatens to sour ties. The American Chamber of Commerce to the European Union (AmCham EU) says proposed revisions to the bloc’s environmental, social and governance rules don’t adequately protect US interests. The complaint is part of a growing US response to […]
Wells Fargo drops financed emissions target amid ESG rethink
https://www.reuters.com/sustainability/climate-energy/wells-fargo-drops-financed-emissions-target-amid-esg-rethink-2025-02-28/ (Reuters) – (This Feb. 28 story has been corrected to change the attribution to Cushing, not Paddy McCully, in paragraph 10) Wells Fargo (WFC.N), opens new tab is scrapping its goal of achieving net-zero emissions across its financed portfolio by 2050 as banks rethink their sustainable lending activities. The goals had relied on many factors “outside […]
Trump Effect: After Wall Street Exodus, The Net-Zero Banking Alliance Explores Axing 1.5C Temp Goal – ‘Such changes would amount to a clear departure from the founding tenets of the alliance’
Bloomberg: The largest climate-finance group for banks is exploring a list of fundamental adjustments to how it operates, as it seeks to right itself after a wave of high-profile exits. The Net-Zero Banking Alliance is considering an overhaul of its membership terms that may include abandoning a requirement for signatories to align their portfolios with a goal of limiting global warming to 1.5C …
The development follows a tumultuous few months for NZBA. The alliance was founded just four years ago and once claimed to represent over 40% of global banking assets. Now, with Wall Street responding to the Trump administration’s attacks on climate policies, net zero alliances are fighting for survival.
Goldman Sachs Group Inc. was the first Wall Street bank to turn its back on NZBA, announcing its decision a month after Donald Trump won the Nov. 5 presidential election. By Jan. 7, when JPMorgan Chase & Co. quit, not a single big US bank was left in the alliance. Canadian banks were quick to follow, virtually wiping NZBA off the North American map.
Federal Reserve Withdraws from Global Climate Coalition
Federal Reserve Withdraws from Global Climate Coalition By Charles Rotter In recent weeks, the climate policy landscape has shifted significantly, with institutions, governments, and corporations beginning to step back from the ambitious but economically questionable climate commitments they made over the last decade. Two major developments underscore this retreat: the U.S. Federal Reserve’s exit from […]