Vote no on politicized ESG portfolios WashTimesOpEd
has just admitted that divesting from the fossil fuel industry “does nothing to reduce greenhouse emissions.” This is a stunning admission from one of the earliest and most powerful ESG advocates.
These are steps in the right direction. But given the veto by the White House, the next course of action requires a mass uprising by investors against the politicization of their portfolios. That can start with the current round of shareholder meetings. As pointed out by experts such as Steve Milloy, this 1.5-degree mandate “is arbitrary and has no scientific origin or meaning.” These proposals would make American energy more expensive and less reliable while shifting capital and technology to China, which abuses workers and the environment.grocery chain is facing a shareholder proposal that demands the company hire on the basis of race and gender categories rather than skills and competence.
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