Posted by DrJohn on 3 March, 2023 at 9:59 am. 26 comments already!


In my last post I noted that Joe Biden has two masters; Zelenskyy and China. Today we’ll have a look at ESG. ESG is short for Environmental, Social and Governance.

ESG stands for Environmental, Social, and Governance. First coined in 2005, ESG covers a wide range of issues that may have a direct or indirect impact on financial relevance. Some of these issues that come under the purview of ESG reporting include resource management, supply chain management, organizational health, safety policies, and building trust through transparency.

It’s a kind of Social Credit Report Card

Major financial institutions and global organizations are using a corporate scoring system to create a type of social credit system designed to influence behavior and transform society, according to a director at a conservative think tank.
Environmental, social and governance, or ESG, scores effectively grade social responsibility for entities ranging from corporations to governments. Factors like reliance on renewable energy sources or the strength of diversity policies can influence ESG scores.
“The point of it is to transform all of society, not just to transform what happens inside the walls of some big corporation,” Justin Haskins, director of the Socialism Research Center and editorial director at the Heartland Institute told Fox News.

It’s modeled after something found in guess where?


Haskins compared ESG scores to a social credit system being developed in China. The Chinese Communist Party announced a moral ranking system in 2014 that monitors individuals, government organizations and companies ranks them based on their social credit, according to the South China Morning Post.

There’s a big push from the left to invest pensions in this stupidity. The Department of Labor ruled that money managers could consider ESG investments for pensions.

In announcing the rule in November, the Department of Labor held that the Trump administration had “unnecessarily restrained” retirement plan managers’ ability to weigh ESG factors when making investments.
“The rule announced today will make workers’ retirement savings and pensions more resilient by removing needless barriers and ending the chilling effect created by the prior administration on considering environmental, social, and governance factors in investments,” Assistant Secretary for Employee Benefits Security Lisa M. Gomez said at the time. “Climate change and other environmental, social and governance factors can be useful for plan investors as they make decisions about how to best grow and protect the retirement savings of America’s workers.”

Sen. Joe Manchin warned 

“ESGs by itself just could kill our whole economy,” Manchin said in a brief interview on “Special Report.” “Could kill our whole economy as far as in America basically.”

The House voted to block the DOL rule. Amazingly, so did the Senate but by narrow margin.

The U.S. Senate has voted to block a Department of Labor (DOL) rule that allows retirement managers to consider environmental, social, and governance (ESG) factors when determining where to invest funds.
The March 1 vote fell largely along party lines, with most Democrats voting against the joint resolution disapproving of the rule, and Republicans voting for it. However, Sens. Jon Tester (D-Mont.) and Joe Manchin (D-W.Va.) crossed party lines to sway the vote in Republicans’ favor, passing the resolution in a 50-46 vote.

Democrats largely see ESG as a means of using taxpayer pensions to fund weird projects and it has nothing to do with profitability.  Who would benefit the most?


Of course, Biden promises to veto the bill sent to his desk. And make sure to hear this out


And there’s this

Democrats, Republicans aim to block Biden admin’s action protecting Chinese solar companies

It’s all about China. And who doesn’t want the US to be another China?


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