Posted on 02/12/2023 10:37:52 AM PST by george76
One of the most important policy battles of 2023 is already happening quietly and outside of the media spotlight. Indeed, many Americans are completely unaware that it is underway. It is over the Left’s ESG (environmental, social and governance)-driven investments and their corrosive effect on the country.
Over the past two years, the Left has launched a determined campaign to advance their climate, gun-control, and abortion objectives not through legislation, but through the allocation and denial of capital.
The proponents of ESG-driven investments are using woke investment firms like BlackRock to phase out fossil fuels, weaken agriculture, hobble the firearms industry, and punish corporations that don’t support abortion. They do so by starving the offending companies of capital and insurance coverage. Worse, ESG- driven funds have waged this war on disfavored companies often without the knowledge or consent of the owners of that capital. And the Biden Administration has been supporting their efforts.
But in the first two months of 2023, a significant number of states have been fighting back. Last week, I and 23 other state attorneys general joined the Utah attorney general in suing the Biden Administration over new Department of Labor regulations that allow managers of retirement funds to consider non-financial, ideological factors when investing allocating retirees’ assets—in direct violation of the Employee Retirement Income Security Act of 1974 (ERISA).
State legislatures have joined the battle as well. In the past year, 17 states have introduced bills to stop the investment of state pension assets in ESG-driven funds. The 2023 legislative session is the battlefield on which most of those state efforts will succeed or fail.
...
In the past year, the ten largest ESG funds by assets have all posted double-digit losses
(Excerpt) Read more at breitbart.com ...
UN Agenda 21 / 2030 / Great Reset . ( Let me know if you wish to be added or removed from the list.)
What’s Kobach doing these days? Haven’t heard from him. Hard for him to win an election in a red state. Can anyone think go a good job for him. NSA requires no confirmation.
As we sit idly by and watch the west circle the drain
He is the attorney general of Kansas. He was formerly the secretary of state of Kansas, in 2011
Kris Kobach has always been the bomb and ultra perceptive. I have been reading about him for 20+ years. Five children by the way.
He went to Harvard. No way can a white Kansas boy get into Harvard these days. But if you are from the Congo, you are good to go.
The Congress tried to make ESG the law of the land through legislation that Brandon intended to sign. In fact many components were passed in omnibus bills and spending bills in the last Congressional term.
ESG is driven by Russia and Saudi Arabia to undermine and destroy the west.
It is yet another attack on Capitalism, our Economy, and our Culture.
BlackRock is worse than BigTech.
BlackRock needs to be broken up into smaller companies or dissolved altogether.
They are evil.
Their CEO Larry Fink lives up to his name.
In the past large corp like Kmart, IBM, Sears got distracted into goals other than their shareholders and customers.
Walmart, Amazon, a string of IT companies took advantage and gave the customers what they wanted.
If companies are truly doing this, it is an invitation for others to compete and meet the real needs and wants of the customers.
Beware of laws that mandate you not compete...laws dressed up with good sounding goals.
BTTT
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