Failure of basic fiduciary duties to investors is just the tip of ESG fraud iceberg
- Wall Street asset managers unilaterally decided that the tens of trillions of dollars of other people's money they control should be used to advance political causes they favor - to "make the world a better place."
- ESG stands for Environmental protection, Social justice, and Governance of corporate and societal affairs.
- However, under ESG they're centered around progressive, woke agendas, with the prevention of "manmade climate cataclysms" uppermost.
ESG practitioners also employ narrow ES&G definitions to virtue-signal, pontificate and impose prescriptive agendas with little or no regard for the consequences.
- People and planet realities absolutely have to be included in any ethical ESG analysis
- Environmental protection
- Any accurate and honest ESG scorecard must also assess the enormous ecological impacts from wind-solar-battery (WSB) energy systems that will supposedly replace oil, gas and coal
- Social justice
- ESG theology holds that the poor and people of color suffer most from climate change. In reality, they benefit most from having abundant, reliable, affordable fuels and electricity - for cars, jobs, modern homes, cooking, heat and air conditioning
https://wattsupwiththat.com/2022/12/25/esgs-perverse-narrow-fraudulent-ethical-principles/
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