ESG Emerges as Sleeper Issue in the 2024 Presidential Campaign

https://amac.us/anti-esg-crusader-fight-corporate-wokeism-with-litigation-and-legislation/

'According to a report released last month by the Committee to Unleash Prosperity, which examined the practices of several large investment banks, putting politics over profits may amount to a breach of companies’ legally-binding fiduciary duty to “earn the highest return possible for the tens of millions of retirees and other American savers.”'

“Through a process known as proxy voting,” the report states, “these investment houses are supporting a leftist political agenda [that] goes by the acronym ‘ESG,’ which stands for ‘environment,’ ‘social,’ (also known as ‘social justice’) and ‘governance.’ It often encompasses other left-leaning priorities related to race, sex, and ethnicity. When these investment firms prioritize their political biases over company performance, their clients pay the price, in the form of lower shareholder returns that can easily add up to tens of thousands of dollars in losses per client.”

TIME TO SUE

 

Hi, Zorro.

Yup. The Constitution as well as a vast body of case law attests to that. The operative word in your comment is 'sensibly'. Legislation such as laws which have the effect of impeding unions, as well as Supreme Court decisions such as Citizens United vs. FEC can be argued as tipping the scales or, at the very least, putting a thumb on them.

Regards, stay safe 'n well.

 

The key statement in the majority decision of Citizens is: "If the First Amendment means anything, it means that you will not be put in prison over political speech."

 

Hi again, Zorro.

General statements such as that in quotes above should come with modifiers such as, As a general rule,'. What is acceptable political speech and what is, for example, hate speech are distinguishable de facto and de jure.

Not all 'political' speech is acceptable in an ethical, moral society.

Regards, stay safe 'n well.

 

No. The Chief Justice was absolutely correct. You want to be able to impose prison terms for political speech, which betrays your illiberal totalitarian mindset.

Stay safe 'n well.

 

• 
  Texas governor bans DEI offices in public colleges and universities

 

Is The ESG Investing Boom Already Over?

'After peaking at $17.1 trillion in 2020, ESG assets in the United States dropped sharply to just $8.4 trillion in 2022...'

'Oil and gas companies are pushing back against activist proposals in their boardrooms.'

'Over the past decade, green and socially-responsible investments, aka ESG (Environmental, Social, and Governance) investing, have emerged as one of the biggest investment megatrends in modern times. For years, trillions of dollars in new global funds flowed into the market each year, with UBS predicting that carbon-reducing tech would hit $60 trillion of investment by 2040 in the U.S.'

But, Americans were not behind it.

'In the current year, no less than four ESG funds have been liquidated: SPDR Bloomberg SASB Corporate Bond ESG Select ETF (RBND), SPDR Bloomberg SASB Emerging Markets ESG Select ETF (REMG), SPDR Bloomberg SASB Developed Markets Ex US ESG Select ETF (RDMX) and the Invesco US Large Cap Core ESG ETF (IVLC).'

GONE!

'Meanwhile, their surviving peers continue to record large capital outflows: In the first five months of the year, seven popular ESG focused funds have cumulatively recorded outflows to the tune of $8.35B.'

• iShares ESG MSCI USA ETF (NASDAQ:ESGU) -$7.24B
  
  
• iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) -$287.16M
  
  
• iShares Global Clean Energy ETF (NASDAQ:ICLN) -$417.97M
  
  
• First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) -$115.69M
  
  
• Invesco Solar ETF (TAN) -$243.94M
  
  
• Vanguard ESG U.S. Stock ETF (ESGV) -$30.32M
  
  
• iShares ESG Aware MSCI EAFE ETF (ESGD) -$14.34M.

LET'S NOT TALK ABOUT IT

'Talking points around ESG have also dwindled markedly: According to FactSet, just 74 companies in the S&P 500 cited the term "ESG" during their latest earnings conference call transcripts, less than half the 156 times the term was cited in 2021 Q4 earnings conference calls.'

 

Ingraham calls out RINO on air for voting with Dems

'Ingraham blasted Ohio Republican Rep Mike Turner for voting with Democrats to shoot down two amendments that would have defunded the DEI (diversity, equity, inclusion) initiative included in the budget for the U.S. Department of Defense.'

'Ingraham blasted Ohio Republican Rep Mike Turner for voting with Democrats to shoot down two amendments that would have defunded the DEI (diversity, equity, inclusion) initiative included in the budget for the U.S. Department of Defense.'

'In votes of 30 to 29, the House Armed Services Committee blocked both measures.'

'Turner and Nebraska Republican Don Bacon were the only two Republicans voting with Democrats against the measures, as Laura Ingraham noted.'

“Well, as I explained to Congressman Bacon in the committee, we always have standards in the military that don’t allow people to be racist or harmful to their fellow service members, and none of those standards would have changed.”

“The question is whether or not we ought to have these chief diversity officers, and Laura, they are making as much as $183,000 per year,” Gaetz said.

“Compare that to a private in the army or an airman or a sergeant working for our military. I tell you what, if the chief diversity officer is what we need to win wars, maybe we should send them all to the frontlines in Ukraine like now,” he added.

“Get them to Taiwan. But, of course, that’s not the case. This dilutes our readiness. I’m glad that the structural office has been eliminated, but you always have to follow the money, and that’s why I will continue to pursue efforts to get all of the funding removed,” Gaetz continued.

 

Future Headline: “Boost Your Social Credit Score for Smooth Summer Travel”

'Let’s face it: if your social credit score is below 70, chances are you’re part of the problem in this country.'

 

When an electric car company like Tesla gets lower esg score than woke tabaco and beer companies, you know it's not about the environment or health. It's about political power and control.

 

DeSantis - making **** up to “prove” he is a “leader”

Meanwhile ignoring real issues