Written by Paul Driessen on Sep 4, 2021. Posted in Latest news
Woke Companies Must Wake Up To The Dangers Of ESG
renewables wind solarGrowing numbers of companies, banks, universities, and investment houses are adopting Environmental, Social and Governance (ESG) standards and disclosure rules.
They’re pressured to do so by activists, legislators, and regulators. Many expect to get rich via taxpayer-subsidized “renewable” energy projects.
Nearly all hope to “greenwash” their reputations, by claiming they’ll “make the world a better place,” by reducing fossil fuel emissions, and thus planetary temperatures and extreme weather events.
They recently got a boost from the US House of Representatives. It voted 215-214 party-line to pass a bill supporting Securities and Exchange Commission plans to impose new ESG rules requiring publicly traded companies to disclose “climate risks” caused by oil, gas, and coal production and use.
Some think ESG climate claims and misconduct could receive greater SEC scrutiny, though that seems unlikely.
https://climatechangedispatch.com/woke-companies-must-wake-up-to-the-dangers-of-esg/
