Without sufficient support in Congress and state legislatures to pass sweeping green energy measures, environmentalists are now targeting the oil and gas industry through a financial movement that pressures companies to support liberal policies, according to critics.
"ESG promotes and implements policies through private businesses that could be adopted through a legislative process," said Utah Treasurer Marlo Oaks. "The Green New Deal didn't make it through Congress, so its proponents shifted the battlefield to the capital markets."
Oaks was referring to environmental, social, and governance (ESG) investing, which is based on the concept that investors should use these three broad categories when evaluating where to put their money, prioritizing progressive values and "social responsibility" when making financial decisions.
Oaks, a leading voice in opposing ESG, is one of several experts and policymakers who have slammed the movement for seeking to achieve policy objectives by bypassing legislatures and the democratic process.
Republicans in Congress have expressed similar concerns and are taking action. Last month, eight Republicans introduced a bill that would prohibit the federal Thrift Savings Plan (TSP) "from allowing participants to invest their retirement savings into funds that make investment decisions based on environmental, social, governance, or political criteria."
The TSP, which benefits federal employees and service members, plans to allow certain participants to invest in ESG funds.
"ESG investing is a woke scam," said Rep. Chip Roy (R-Texas), the bill's lead sponsor. "It restricts the free flow of capital, undermines U.S. energy freedom to the benefit of our enemies, and advances woke racial and gender ideologies intent on dividing the republic. The upcoming changes to TSP would allow billions of taxpayer dollars to serve these ends. The federal government shouldn't have any part in this radical nonsense, and especially shouldn't be using your money to do it."
Opponents of ESG have also taken action at the state level.
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Report: Eco-Terrorists Deflate Tires on Dozens of SUVs in New York City
Wood-burning Stoves and Firewood in Short Supply in Germany as Citizens Fear Freezing to Death Due to Gas Shortages
In 2018 during his speech to the UN General Assembly President Donald Trump lodged a warning to Germany about their country’s reliance on Russian energy.
The German delegation laughed on camera at the remarks.
In June Russia announced it will reduce natural gas flows through a key European pipeline by roughly 40% into Germany.
The Germans aren’t laughing now.
In fact, gas prices are so high in Germany today that wood-burning stoves and firewood have become scarce nationwide.
Wood-burning stoves and firewood have become scarce nationwide in the wake of the Ukraine war. Furnace builders and installers can hardly save themselves from orders from concerned customers who want to install an additional heating option in their house or apartment.
“When the war broke out, demand exploded,” says a spokesman for the Central Association for Sanitary, Heating and Air Conditioning (ZVSHK) in Sankt Augustin on request.
But even a stove does not guarantee a warm living room next winter: because the firewood dealers are also faced with a nationwide rush of customers and can no longer meet the exorbitantly increased demand in many places. “The market is empty,” says Gerd Müller, head of the office of the Federal Firewood Association in Kamen.
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White House Apparatchik Lets the Cat Out of the Bag, Admits What’s Behind the Insanity
During an interview on CNN, Deese was asked what the Biden regime would say to families who cannot afford the skyrocketing gas prices for months, let alone years. Deese’s response caused an uproar on social media. He said:
“What you heard from the President today was a clear articulation of the stakes. This is about the future of the Liberal World Order and we have to stand firm.”
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MAKE NO MISTAKE: Biden's Incompetence is Merely Cover - This Is a Planned Attack on Our Country
Matt Schlapp, chairman of the American Conservative Union:
The U.S. is being deliberately dismantled by the Biden administration and Democrat Party, Schlapp held.
“There are a lot of people who are still just assuming that that is just like we’re going through a temporary kind of emergency situation,” he stated. “That is wrong. This has been a very intended path that we’re on to destroy the family, to destroy schools, to not educate the next generation of kids, to make America weaker, to make America surrender to global interests, to weaken the economy, to make people think that it’s global institutions that will solve their problems and not their own government.”