An Inconvenient Truth: ESG Is Fueling Inflation Woes

Inflation has emerged as the top issue for most Americans ahead of the midterm elections. Rising labor costs, energy prices, and interest rates are increasingly adding to inflationary woes.

And much to the Biden administration’s chagrin, the $1.9 trillion American Rescue Plan is the largest driver of inflation. Additionally, Democrats refuse to admit their push for Environmental, Social, and Governance (ESG), especially in energy policy, in both the public and private sectors is also a major problem. As more financial leaders scrutinize so-called sustainable investing, there’s ample evidence suggesting ESG exacerbated the 9.1% increase in the consumer price index.

Of the three ESG prongs, the “E” factor⁠—which accounts for environmental stewardship and natural resources development in business practices—is primarily contributing to inflation.

Seema Shah, chief global strategist at Principal Global, calls this phenomenon “greenflation.” In fall 2021, Shah warned how the push to transition away from fossil fuels, notably in the form of advancing net-zero policies, “created a chain reaction resulting in higher energy prices and, ultimately, higher consumer costs.” She also explained how “en-flation” (environmental inflation) is adding to uncertainty by way of carbon credits, harsh penalties for companies that fail to meet U.N. climate targets, and increased investment in technology along with research and development (R&D), for instance.

American Petroleum Institute CEO Mike Sommers blamed the Biden administration’s “misguided” energy policies, namely their decarbonization push, for compounded inflationary pressures.

Ultimately, consumers will be burdened by “en-flation” as costs are naturally passed down to them.

Depends. It doesn’t seem to be good economics to destroy the business of your best customer.>>>>>>>>>>>>

I have observed over many decades that Red China is a schizoid dragon. It can be so genteel and mannerly, benevolent to everyone, but when waht I call “The Long March” cadre of Red Chinas National Comintern manifest, they are inhumanely cold blooded. They execute prisoners with injections to the neck which renders them brain dead, but their bodies still function so that their organs can be harvested and sold.Thew same militant cadre makes the whole of Red China’s uniparty political system afraid to death, a system of fear and repression.

I suppose we have done business with Red China out of a sense of posponement, that somehow these commies would become civilized if they fully enntered the modern era and were supplied with enouh food for their masses.

We were WRONG.

At this point we should not be doing any business with the Red Chinese and should gradually extricate ourselves from their economic control, single source marketing, and dumping.

I am afraid it will not be business as usual because Biden is hamstrung by China and his son’s influence peddling in the Orient Express.

We are at war with China but few know it, They publicly threatened to shoot down the pane carrying the Cngressional speaker ) thats the upside) but then we arethreatened with an act of war.

The USA will not contemplate being controlled by Red China much further. despite Joe Biden and the Dems being comromised by their corruption and ill gotten personal fortunes from the Red Chinese. It is a war the Red Chinese are winning.But not for much longer.

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ESGWWC