Environmental, Social, and Governance (ESG) Investing - Wall Street “money heist” from naive investors

Wall Street is once again in the midst of a “money heist” from naive investors. This time in the form of “woke activism” called ESG.

ESG refers to the Environmental, Social, and Governance risk theoretically embedded in a business. However, while ESG investing is about taking these risks into account in investment decisions, these are all the things NOT on a company’s balance sheet or earnings statements. Such is the inherent problem.

However, as is also the case, with the recent surge in liberal policies, woke activism, and demand for social justice, Wall Street is more than willing to sell products to fill a need. Not surprisingly, with plenty of media coverage, ESG investing has become an enormous business.

Following the financial crisis, ESG funds had roughly a ZERO market share of total assets under management. Today, ESG-labelled funds in the United States exceed $16 trillion.

The question is whether investors are getting what they are paying for?

Read the full article at the following weblink:

https://www.zerohedge.com/markets/esg-investing-great-wall-street-m...

Nike CEO John Donahoe Bows to Chi-Coms – Admits that Nike Is a Brand “Of China and For China”

https://www.thegatewaypundit.com/2021/06/ceo-john-donahoe-admits-wa...

 

"Nike Is A Brand That Is Of China And For China" Says Company's CEO

https://www.zerohedge.com/geopolitical/nike-brand-china-and-china-s...

  

Nike CEO boldly states where the company's real loyalties lie

China, with 1.4 billion people, has the potential to be more profitable for American corporations than America, with its measly 330 million people.

https://www.americanthinker.com/blog/2021/06/nike_ceo_boldly_states...

ROBERT BRYCE: Blackouts Loom in California as Electricity Prices Are ‘Absolutely Exploding’

https://www.realclearenergy.org/articles/2021/06/24/blackouts_loom_...

 

 

Green Party Implodes In Germany

https://www.zerohedge.com/political/green-party-implodes-germany

  

US Case Against Assange Struck Major Blow As Key Witness Admits He Lied

https://www.zerohedge.com/political/us-case-against-assange-struck-...

  

 

The Role of the Media

https://www.ae911truth.org/evidence/technical-articles/articles-on-...

 

Ron DeSantis Bans Florida Cities from Banning Fossil Fuels

https://newsrich.org/energy-choice-ron-desantis-bans-florida-cities...

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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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