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?
China.
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?
China
Of course, Biden promises to veto the bill sent to his desk. And make sure to hear this out
Let me get this straight: UPenn takes $30m from Chinese donors, the #ESG Initiative at Wharton at UPenn publishes weak “research” that anti-ESG bills are going to cost states more $, then the bankers tout this in opposition to #Indiana #HB1008. It’s the #China ESG Agenda.🛑 pic.twitter.com/Slh8XiAh89
— Fmr. Rep. Jason Isaac (@ISAACforTexas) February 14, 2023
ESG = CCP
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?
DrJohn has been a health care professional for more than 30 years. In addition to clinical practice he has done extensive research and has published widely with over 70 original articles and abstracts in the peer-reviewed literature. DrJohn is well known in his field and has lectured on every continent except for Antarctica. He has been married to the same wonderful lady for over 30 years and has three kids- two sons, both of whom are attorneys and one daughter on her way into the field of education.
DrJohn was brought up with the concept that one can do well if one is prepared to work hard but nothing in life is guaranteed.
Except for liberals being foolish.
ESG is perfect for libs.
Their “retirement investments,” won’t make any money for them.
So, they will do what they always do: rely on gov’t to take care of them.
Only one problem: The gov’t doesn’t care about such useful idiots as working libs.
There’s a soft take-off on the newest push, this time is it suicide of those who are not productive anymore.
Libs are so dumb that they will line up outside the disintegration centers, just like those Eminiar VII people on the original Star Trek series. (A Taste of Armageddon)
ESG is failing where ever it is pushed on investors.
So, people are forced into 15 minute cities where it is forced on them along with starvation and medical malfeasance for those “unproductive” people.
I watched Oxford Town’s fight against being locked into their 15 minute city.
People knock down the roadblocks so they can come and go, even in broad daylight.
Then they can bank in profitiable ways and get food and mediacal help on the outside.
Note, though, that the Biden Crime Family doesn’t invest in ESG. They invest in fossil fuels… just not US fossil fuels.
Like everything else leftist, the goal is not to strengthen the ESG sector but to weaken and eliminate the NON-ESG sector. It is designed to starve the petroleum industry, for example, of investment funds. Eventually, all that is left is ESG approved business and, though our standard of living would be greatly reduced, it would carry the ESG seal of approval.
The UN and DNC have sild out America to the Enemy
What do you not understand about the fact that the Chinese Communist Party is aligned with Putin? So is Iran. So is Syria.
So you like the Epoch times now? We totally understand ESG is agenda 2030 where everyone must live under total control.
Ron Peri, one of DeSantis’s new Reedy River overseers, says people are turning gay because of estrogen in the nation’s tap water from birth control pills. I think you’re all crazy.
You are not qualified to provide any psych eval. Drugs work a a microscopic level he should show all the evidence of elevated estrogens in the drinking water source that are not filtered. Floride is industrial toxic added to our water intentionally.
Men are turning gay because they subconsciously think it’s their best chance at having sex with a woman…
But you’re just fine with the collection of genetic throw-backs idiot Biden chooses to pack his incompetent regime.
CDC also commented on the changing of sexual orientation due to estrogen in recycled waste water. We know CDC always tells the truth based upon their COVID “facts” and safety of the MRNA “vaccines”. (sarcasm)
…and so will be Germany and much of Europe, if the US keeps going this direction…
A lot of Germans are getting their heating bills this month, thinking “The US did this.”
Because we did.
03/02/23 – The Russia-Ukraine war remapped the world’s energy supplies, putting the U.S. at the top for years to come
Are you kidding me? Under the destructive Democrats, our energy industry is relegated for the scrap pile. We’ll have California-level energy capacity. Stop paying attention to leftist propaganda; you embarrass yourself.
No, I’m not kidding you. As of 2021 the United States was the world’s 2nd largest energy producer, coming in ahead of both Russia and Saudi Arabia. We’re behind China only because China mines and burns huge quantities of coal. (That accounts for their appalling air pollution problems.)
We became the world’s largest exporter of LNG last year, and are on track to become a net exporter of petroleum this year.
If the socialist left weren’t strangling our energy production we could be first and energy would be much cheaper. if the left weren’t threatening to destroy fossil fuels, we’d be building more refineries. Wind and solar are NOT the answer to our energy problems and the solution is yet to be discovered and developed. This could be accomplished by the energy companies, but the government wants to be in charge.
Why are we exporting LNG instead of using it? Aren’t gas stoves as deadly overseas as they are here?
Yes. Our rogue government just screwed over Europe and most of the world.
Did you not think these countries are going to want some kind of revenge?
I think they want to be free of domination by Vladimir effin’ Putin, and know damn well what will happen if he isn’t stopped. They’ve seen that movie before.
Well, wasn’t idiot Biden fraudulently taking over and handing their energy future right over to Putin a bad turn of events for them, then, huh?
Russia’s economy is better than before the war. The energy they were supplying to Europe is now going to India and China.
The US is price gouging supplies to Germany and other European countries.
I wouldn’t be proud of that comrade.
Bully boycotts, they are not price gouging they are getting going price from the top bidder. Europe/NATO bluffing before the hand was dealt, Now Turkey has to dance to their tune for aid, seems the tune is TAPS.
03/03/23 – Russia may run out of money in 2024, says oligarch –
Running out of ammo, running out of money blah blah blah.
It’s so obvious even you should get it. But Biden doesn’t.
https://wattsupwiththat.com/2023/03/03/russias-biggest-weapon-and-chinas-too-is-fossil-fuel-energy/
Obama pushed Russia, Iran and Syria together and idiot Biden has pushed Russia and China together. Gee, foreign policy AND economically incompetent. Great success.
If this kind of investment was actually good, it wouldn’t have to be pushed by the government. The left should not that in the CCP version, it is dedication to the STATE that is promoted, not dedication to the climate change scam or gender conversions. In the CCP version, the STATE becomes stronger, not weaker.
This is the kind of thing our intel agencies should be pushing upon our adversaries to make THEM, not us, weaker.