The pushback towards ESG steps into excessive gear with listening to on the Texas Senate Committee on State Affairs.
Initially tweeted by Will Hild (@WillHild) on December 15, 2022.
.@SenBryanHughes begins off the Texas Senate Committee on State Affairs ESG listening to by laying out how the ESG agenda poses a menace to each the safety of American households and our total nationwide safety:
Texas State Sen. @loiskolkhorst highlights how ESG investing is an abandonment of fiduciary obligation, as a result of ESG funds routinely underperform benchmark indexes:
The primary witness, @bmbrigham, instructed the story of how Wall Avenue’s ESG rip-off has affected him and his enterprise personally, outlining how @CreditSuisse ( $CS ) indicated that they might deny him for a mortgage if he didn’t tweet out numerous factors praising the inexperienced vitality agenda:
Government Chairman of Brigham Minerals, @bmbrigham, highlights how corporations in China, utilizing slave labor to supply photo voltaic panels, are being given larger ESG scores than his firm as a result of his firm operates within the oil & fuel trade:
Absolute madness.
.@SenBryanHughes grills @BlackRock‘s Head of Exterior Affairs, Dalia Blass, about BlackRock’s clearly contradictory statements relating to their position within the radical ESG group, Local weather Motion 100+:
.@SenBryanHughes sends a transparent message to @BlackRock‘s Head of Exterior Affairs, as she makes an attempt to speak in circles round ESG-related inquiries to keep away from answering:
Filibustering received’t work in Texas. The folks need solutions, they need transparency, not ESG speaking factors.
When pressed on @BlackRock being “fired” by Florida @GovRonDeSantis over the corporate’s ESG activism, BlackRock’s Head of Exterior Affairs claimed that the corporate doesn’t use ESG scoring for investments and doesn’t know why they had been fired by the state of Florida:
.@StateStreet World Chief Funding Officer Lori Heinel sends a shot throughout the bow at @BlackRock and CEO Larry Fink:
“We are literally fairly involved in regards to the rise of stakeholder capitalism as a category of investing…”
🚨 @StateStreet World Chief Funding Officer Lori Heinel admits ESG is *NOT* a efficiency enhancer:
That is big. I ponder what number of @StateStreet ESG fund prospectuses admit that?
.@StateStreet‘s World Chief Funding Officer panics when caught in a blatant lie and appears to the corporate’s attorneys for an out:
“Uuhhmm, council…”
🚨 @StateStreet World Chief Funding Officer Lori Heinel by accident admits that State Avenue had no “formal monetary evaluation” to back-up their vote in-favor of forcing an American vitality firm to conduct a “racial fairness audit”:
Initially tweeted by Will Hild (@WillHild) on December 15, 2022.
Under are three articles on ESG just lately printed right here.
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