ESG Is A Plague Upon Our Houses and Our Future

[rangerrebew]

ESG Is A Plague Upon Our Houses and Our Future
Posted on December 15, 2022 by Natural Gas Now Guest Blogger
 
David Kreutzer
Senior Economist at Institute for Energy Research

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[Editor’s Note: ESG is a utopian experiment with our lives being undertaken by power hungry ideologues and money hungry corporatists trying to impose a transition we don’t need.]

Environmental, Social, and Governance (ESG) investing is all the rage among those who are frustrated that democracy and freedom are not making others do what the ragers want them to do.  It is also popular among some firms who repeat the chants and don the mantle of ESG in hopes that the ragers won’t try to cancel them.

However, these hardcore ESG advocates want to mandate their version of ESG, dictate which firms can get bank loans, who, in addition to stockholders, directs the firm’s actions, and how the firms’ leadership is constructed.  Not surprisingly, politicians — whose currency standard is power —  want in on the market. This could be bad for economic growth and bad for your retirement account.


Some proponents claim that ESG investing is more profitable, and mandates will be good for stockholders.  The logic, here, is feeble and the evidence is fleeting, at best.  There is plenty of pressure from stockholders (and potential stockholders) to discipline firm behavior towards maximizing returns.  In any event, recent evidence indicates firms unhobbled by ESG constraints do better than the firms adopting ESG practices.

[Fishrrman]

"However, these hardcore ESG advocates want to mandate their version of ESG, dictate which firms can get bank loans, who, in addition to stockholders, directs the firm’s actions, and how the firms’ leadership is constructed.  Not surprisingly, politicians — whose currency standard is power —  want in on the market. This could be bad for economic growth and bad for your retirement account."

It's time for the red states to start enacting "Right to Energy Use" laws.

That is to say, an entirely new legal concept that needs to be codified into written law:
The right to extract and use natural energy resources for human needs:
- right to extract and use coal for power generation, heating, and other uses as may be required
- right to extract and refine petroleum for motor fuels
- right to extract and refine petroleum into products intended for industrial and other uses
- right to extract and use natural gas for heating, power generation and industrial and agricultural uses
- such rights to extend to both individuals and corporations
- etc.

Again, if we don't take the initiative to enact such laws FIRST, the dem-communists and greenunists will enact laws to BAN such usage.

[rustynail]

Carbon Dioxide is Not a pollutant.