It’s not so much that all the initiatives acting against climate change appear deceitful and misleading, it’s more that they are ineffectual, pointless and unnecessary, not to mention ludicrously expensive.
But they do great damage, by diverting investment and therefore, in the West at least, talent and expertise from economically important activities. They artificially drive up the price of “green” assets. The resulting market inefficiencies will ultimately damage both the pension pots these investors are supposed to be protecting, and also the security and economic resilience of the West.
Musk is right, but I’m guessing this whole hullabaloo is really not about the company at all, but rather about how Musk has personally fallen out of favor with his progressive brethren for moving his HQ from blue California to red Texas, claiming he would allow Trump back on Twitter when he bought the company and citing free speech, and complaining about a coming depopulation crisis. He spoke heresies and is now being excommunicated. I doubt he cares, as he’s already bilked these idiots out of billions. Part of the reason he’s so rich is because of how subsidized electric vehicles are. Musk was one of the earliest to recognize and take advantage of a profit advantage that the government built in with energy policy. He took advantage of the scams while he could, and now that he doesn’t have to, he’s pointing out what he always knew. The man is no fool.
Last edited 1 year ago by Steve Jolly
Brendan O'Leary
1 year ago
The ESG industry’s sole purpose seems to be listing unsustainable companies its naughty list
.
For those of us working in productive enterprises, its purpose seems more as a job creation and fee-harvesting scheme for unproductive power-seekers, like a legalised mafia standover racket for political lobbyists.
These people sap value, and contribute none, yet they wish to insert themselves into otherwise viable enterprises and so they devise self-serving certification schemes and we are supposed to shut up, pay their fees and applaud.
All regulatory bodies are vulnerable to capture by untalented power-seekers, but ESG appears to have been designed that way from the start.
Andrew Horsman
1 year ago
Corporations and Politicians in Massive Multi-Billion Dollar Government-Sponsored Scheme Related Corruption Shocker.
Will we ever learn?
Richard Craven
1 year ago
Investors would be well-advised to use the ESG label as a red flag, indicating that the business concerned does not focus on sales, product, or paying its suppliers.
Liam O'Mahony
1 year ago
Everything, and I mean absolutely everything in the US is monetarised! Even religion fgs! So it’s no surprise that ESG becomes a money making racket like Kim Kardashian’s ass..
Eric Hoffer wrote that all great causes begin as movements, become businesses, and then become rackets. ESG did the whole evolution in less than a decade.
Not that it ever was anything but a way to greenwash Wall Street and the City, really.
London King
1 year ago
Everything Seems Green
Everyone Shouts Greta
Earth Says Goodbye
Earthlings Stupid Gone
End Sorry Grandchildren
Nicky Samengo-Turner
1 year ago
all this tree hugging sandaloid, global warming, net zero, carbon doomsday stuff is a tedious manipulated joke that grips the naieve and ignorant…
Rafael Aguilo
1 year ago
The “Green energy at all costs” gullible keep forgetting one simple fact of life: There’s NO free lunch. When there’s a “Low Wind”, and heavy cloud cover, who are you going to rely on to provide energy ON DEMAND? “Ghostbusters” or oil, gas, and even coal? People are being sold on the idea that electric vehicles will solve the problem; as if the energy needed to charge their vehicles is available all the time, as if by magic.
For China; energy security has become more important than playing the renewables game. Will Nuclear be welcomed again into the fold?
Mark Kennedy
1 year ago
So Tesla, which by a strange coincidence is the brainchild of Elon Musk–now fallen from woke favour for daring to challenge Twitter narratives–has, against all logic, fallen from grace as well, replaced by an oil refinery. The preposterousness of the scam is equalled only by the scammers’ apparently limitless contempt for the public’s ability to put two and two together. They literally couldn’t care less how transparent their motives are: the scammed’s opinions aren’t going to make the least bit of difference to scammer control and profits, and they’re what matter. No one can be permitted to march to drumbeats that potentially threaten The Corruption Narrative, not even a previously onside (they supposed) billionaire.
It’s not so much that all the initiatives acting against climate change appear deceitful and misleading, it’s more that they are ineffectual, pointless and unnecessary, not to mention ludicrously expensive.
But they do great damage, by diverting investment and therefore, in the West at least, talent and expertise from economically important activities. They artificially drive up the price of “green” assets. The resulting market inefficiencies will ultimately damage both the pension pots these investors are supposed to be protecting, and also the security and economic resilience of the West.
Moreover, they also require ever-increasing control of the populace.
I like “unnecessary” best: it gives you away!
Musk is right, but I’m guessing this whole hullabaloo is really not about the company at all, but rather about how Musk has personally fallen out of favor with his progressive brethren for moving his HQ from blue California to red Texas, claiming he would allow Trump back on Twitter when he bought the company and citing free speech, and complaining about a coming depopulation crisis. He spoke heresies and is now being excommunicated. I doubt he cares, as he’s already bilked these idiots out of billions. Part of the reason he’s so rich is because of how subsidized electric vehicles are. Musk was one of the earliest to recognize and take advantage of a profit advantage that the government built in with energy policy. He took advantage of the scams while he could, and now that he doesn’t have to, he’s pointing out what he always knew. The man is no fool.
.
For those of us working in productive enterprises, its purpose seems more as a job creation and fee-harvesting scheme for unproductive power-seekers, like a legalised mafia standover racket for political lobbyists.
These people sap value, and contribute none, yet they wish to insert themselves into otherwise viable enterprises and so they devise self-serving certification schemes and we are supposed to shut up, pay their fees and applaud.
Precisely!
Doesn’t everything that comes out of the WEF behave mafia-like? It probably is because they are a mafia
It’s extremely discouraging how these regulatory and supposedly neutral agencies have fallen prey to ideology.
All regulatory bodies are vulnerable to capture by untalented power-seekers, but ESG appears to have been designed that way from the start.
Corporations and Politicians in Massive Multi-Billion Dollar Government-Sponsored Scheme Related Corruption Shocker.
Will we ever learn?
Investors would be well-advised to use the ESG label as a red flag, indicating that the business concerned does not focus on sales, product, or paying its suppliers.
Everything, and I mean absolutely everything in the US is monetarised! Even religion fgs! So it’s no surprise that ESG becomes a money making racket like Kim Kardashian’s ass..
Quite so! Well said.
Eric Hoffer wrote that all great causes begin as movements, become businesses, and then become rackets. ESG did the whole evolution in less than a decade.
Not that it ever was anything but a way to greenwash Wall Street and the City, really.
Everything Seems Green
Everyone Shouts Greta
Earth Says Goodbye
Earthlings Stupid Gone
End Sorry Grandchildren
all this tree hugging sandaloid, global warming, net zero, carbon doomsday stuff is a tedious manipulated joke that grips the naieve and ignorant…
The “Green energy at all costs” gullible keep forgetting one simple fact of life: There’s NO free lunch. When there’s a “Low Wind”, and heavy cloud cover, who are you going to rely on to provide energy ON DEMAND? “Ghostbusters” or oil, gas, and even coal? People are being sold on the idea that electric vehicles will solve the problem; as if the energy needed to charge their vehicles is available all the time, as if by magic.
For China; energy security has become more important than playing the renewables game. Will Nuclear be welcomed again into the fold?
So Tesla, which by a strange coincidence is the brainchild of Elon Musk–now fallen from woke favour for daring to challenge Twitter narratives–has, against all logic, fallen from grace as well, replaced by an oil refinery. The preposterousness of the scam is equalled only by the scammers’ apparently limitless contempt for the public’s ability to put two and two together. They literally couldn’t care less how transparent their motives are: the scammed’s opinions aren’t going to make the least bit of difference to scammer control and profits, and they’re what matter. No one can be permitted to march to drumbeats that potentially threaten The Corruption Narrative, not even a previously onside (they supposed) billionaire.
Great article