R.W. Malone: The Insidious ESG

Let’s start with Germany. In case you missed it, the Telegraph reported last week that Deutsche Bank and other major analysts are warning that Germans will have to burn wood to “stay warm this winter. Furthermore, other outlets report that it is now impossible to buy a wood stove or even wood in Germany right now. There is talk on social media that people will need to gather wood from the forest to stay warm! The news report above blames the war in Ukraine as the reason for the gas shortage.

This version contradicts other news stories. Yahoo reports that “German Energy Prices Jump Due to Wind Drought.” A “wind drought” – a lack of wind is really the issue…” A truth bomb by Yahoo – is there ever going to be a big enough battery to store energy for those times when there is a “wind drought”? 

Then The Telegraph also reports that “Rhine drought leaves Germany on brink of shipping closure: Heatwave sends water level plunging at bottleneck in Kaub” 

So which is it? Are German energy and gas supply shortages due to the war or drought, or because converting the energy needs of Germany to “green” sources, as the German government has done to meet ESG scores – has caused intrinsic supply chain problems?

Main stream media make it hard to disentangle truth from fiction… fact from spin. Of course that is not a surprise to most who read this substack.

Even Forbes was writing about the issues of ESG scores last week. The context of their article was that rising “Social Unrest Over Energy, Food Shortages Threatens Global Stability.”

The nation of Sri Lanka has an almost perfect ESG rating of 98.1 on a scale of 100, according to WorldEconomics.com. But the government which had forced the nation to achieve that virtue-signaling target in recent years collapsed over the weekend because it led the country into self-declared bankruptcy, leaving it unable to purchase adequate supplies of fuel and feed its population. Thousands of angry Sri Lankans stormed the presidential residence on Saturday, forcing President Gotabaya Rajapaksa to step down and reportedly flee the country.’

Many predict that the cause of the plight of Sri Lanka, that being sacrificing the food and energy resources of the country on the alter of ESG scores, is just the tip of the iceberg. That the “Greta-famine” phenomenon will soon spread to many other nations of the world.

A Town Hall article titled “How Big Banks Are Planning to Force Americans into the ‘Great Reset’ Trap” notes:

And do not think for a moment that these requirements will only apply to businesses, either. Some financial institutions have already started to give ESG scores to individual investment accounts, as Glenn Beck has repeatedly noted, sending a clear signal that everyone will be required to adopt the Great Reset in the coming years.

If banks are allowed to collectively decide to stop financing any group of people they want, based not on financial concerns but ideological considerations, then banks and their Great Reset allies will have, in effect, near-total control over society—especially if they begin to tie lending decisions to a vast ESG system.

Interestingly, in January 2021, the Trump-era Office of the Comptroller of the Currency issued a finalized Fair Access to Financial Services regulation that would have made it illegal for large banks to engage in the sort of discrimination I warned about above. But just one week after entering the White House, President Joe Biden “paused” the rule’s implementation, signaling his clear intention to eliminate the rule before it ever has a chance to be published in the Federal Register.

This shouldn’t come as a surprise to those of you who have been following the Great Reset closely. The Biden administration’s “climate czar,” John Kerry, as well as Biden himself, are supporters of the Great Reset.

The time has come for a massive populist revolt against the Great Reset, one that will hopefully have the same success as the grassroots movement against Common Core did under the Obama administration.

The fate of the free world may very well depend on it.

Word on the street is that the US government (through auditing companies – mostly owned by Blackrock) is now weaponizing ESG scores to control what leadership in corporations can and can’t donate to (such as political candidates). That this election cycle is seeing far fewer corporate donations to Republican candidates due to the effect such donations might have on ESG scores.

One needs to inquire, do we even have a representative democracy anymore?

On other ESG news: under the Biden administration, proposals to require Federal retirement funds to invest in ESG funds are slowly working through the system. The article titled “Republicans Counter Woke Corporate Push: ESG Investing, documents how some Republicans (both in Congress and at the state level) are fighting both the Biden administration and a growing movement to force investments (including Federal retirement pensions) into funds that make decisions based on ESG, which system in turn has become biased by overtly political criteria.

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