Posted on 06/28/2022 4:20:44 AM PDT by MtnClimber
Europe is in the midst of an energy crisis. The US and the rest of the world are paying greatly increased prices for gasoline and other forms of energy. 2 billion people rely on wood or dung for heating and cooking. Cheap reliable energy is becoming a thing of the past. And this is leading to a worldwide recession.
Why are there such problems in the energy sector? The ESG movement and related anti-fossil fuel movements have promised to run the fossil fuel industry out of business and discouraged investment in growing the fossil fuel industry. The ESG movement sees no benefits coming from the use of fossil fuels and sees no downside from closing down the industry and seeking to replace it with wind and solar energy.
However, wind and solar energy have proven to be unreliable and to drive up the cost of electricity. This is because the electricity producing companies in the developed world must also build 100% back up for wind and solar (for when the wind isn’t blowing, and the sun isn’t shining) to ensure reliable energy. Having 100% back up means increased costs.
The installed economic infrastructure relies heavily on fossil fuels to operate. Undependable expensive energy drives up costs in all industries, but especially in agriculture and distribution/logistics. This is showing up in the tragedy in Sri Lanka. All of this is driving up food costs.
The EU, led by the Germans, have strived hard over the last couple of decades to build up their wind and solar energy industries, which caused them to depend on Russian oil and gas to drive their backup capacity. President Trump warned the Germans about their reliance on Russian natural gas and they laughed at him. Today, the Germans are in an energy crisis
(Excerpt) Read more at americanthinker.com ...
Who could not see this happening to Germany?
The company I worked for spent about 30 minutes on this ESG bullshit on a all hands meeting.
I work for an engineering firm. It’s crazy. (utility industry)
ESG should truly be called “woke fiduciary negligence”.
ESG should truly be called “woke fiduciary negligence”.
How about “Woke Totalitarian Fiduciary”, or WTF?
It’s all a push to bring us back to a feudal system where we can be serfs. We will own nothing and we will be happy. Meanwhile, the lords will live up on the hill and they will party like it’s 1199.
You win.
ESG? What is it?
This global warming is going to kill us all!
Not because of it, but because all the “Solutions”.
The “renewables” are environment destroying unreliables.
Europe has a lot of coal!
But they are shutting it up because of Carbon emissions.
So they moved the carbon emissions to China!
In a free market, cost is the best indicator available to measure total energy efficiency and pollution. It's trivial to track down where wind and solar emit more CO2 than before: just follow the money, many times into the pockets of the most inefficient energy user of all: big government.
“Those who control the energy control everything and those who control the production of energy control the energy”. A redundancy of statement to control thoughts on energy in order to force energy to be used on thought.
I found this ...
“Environmental, social and governance (ESG) is a set of standards for how a company operates in regard to the planet and its people. ESG is important because socially conscious investors now use ESG criteria to screen potential investments. Environmental criteria examine how a company performs as a steward of the planet.”
What’s ESG ?
Extremely Stupid Garbage ?
That’s a better description than its actual description.
Environmental, social, and governmental.
It’s attributing woke “morals” to a corporation.
It’s a fancy way of being biased and wasting your investors money.
It’s comparable to the Chinese “social credit score”, but for a business instead of an individual.
ESG
Environmental - better be green
Social - as in social justice
Governance - lean left
Environ-MENTAL, Social(ist) and Governance score.
“t’s all a push to bring us back to a feudal system...We will own nothing and we will be happy....”
You are more right than the average schmo realizes. The push started a while ago and we are a lot farther down this road than those who do recognize this push would be willing to admit.
“ESG? What is it?”
Environment, Social, Governance.
It’s the latest club the left invented to beat corporation into submission and adopt their agenda.
From the horse’s mouth....
https://sustainfi.com/impact/esg-score/
The American Institute of Certified Public Accountants (the CPA union, if you will) has gone ultra-woke. But here is the important part: they are salivating over the opportunity to control who is allowed to certify as to ESG.
Every company that gets annual audited financial statements is a pretty big pool of new business.
The move is on to cram the ESG values down the throat of everyone.
Truly disgusting and frightening.
The Global Warming/Climate Change movement which spawned this madness is the greatest scientific and economic fraud in history. It has siphoned literally trillions of dollars from the world’s economies for a gigantic hoax.
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