ESG and the Rise of Woke Capitalism – Craig Rucker

ESG, Environmental Social, and Governance, is the backdoor through which corporations have been implementing woke policy and policies detrimental to secure energy production.

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Chaswarnertoo
September 15, 2022 2:39 pm

You will own nothing and be happy. When do we start [snip]

Old Man Winter
September 15, 2022 2:53 pm

US state attorneys general have given additional warnings to Blackrock.

WSJ- ESG Can’t Square With Fiduciary Duty
“in 2021 BlackRock exercised its proxy voting rights as Exxon’s
second-largest shareholder to lead “an activist campaign that forced Exxon
to cut oil production,” without disclosing that many of the “oil fields
dropped by Exxon” are “poised to be acquired by PetroChina” and that
BlackRock is “one of PetroChina’s largest investors.”

“BlackRock has an enormous stake in PetroChina, reporting holdings
of between one trillion and two trillion shares, representing between
5% and 10% ownership, from 2018-22.”

https://strive.com/strive-asset-management-esg-cant-square-with-fiduciary-duty/

NOTE:
PetroChina- an arm of China’s state-owned China National Petroleum
Corporation (CNPC) & buyer of some of our strategic oil reserves.

yournews.com- 6/15/22
BlackRock Sells Out US Interests for ‘Personal Favors’ in China,
Consumer Group Director Says

DrEd
Reply to  Old Man Winter
September 16, 2022 5:18 pm

SUE THEIR ASS OFF!!!

jeffery p
September 15, 2022 3:03 pm

I remember when the left used to criticize conservatives for trying to “push their values” on others. But now that’s what the left is all about.

Several state attorneys general are now onboard with fighting ESG. I’m waiting for the shareholder lawsuits.

Last edited 17 days ago by jeffery p
MarkW
Reply to  jeffery p
September 15, 2022 3:10 pm

Pushing their values on others has always been what the left is about.
What they are against is anyone else pushing values onto them.

For the left hates it when others use their tactics on them.

Joel Snider
Reply to  MarkW
September 15, 2022 6:37 pm

That’s why they hated Trump so much – he gave them their medicine back.
A few tweets against the entire global media complex. And they acted like they were getting bullied.
Narcissistic to a level that might be supernatural.

Joel Snider
Reply to  jeffery p
September 15, 2022 6:36 pm

It’s really more of a personality type – a control freak – you can find it in any ideology, but Marxism embraces it and weaponizes it, and that is the guiding playbook of the progressive left.
And it’s going to get a LOT worse, if it EVER gets better. At this point, I’m not sure there’s a way to stop genuine global disaster. Famine, starvation, war.
Oh, and they won’t own a second of it – they’ll rationalize it all day – in fact, I think progressive rationalization is what college, and academia in general, is primarily for, these days.

Stan Sexton
September 15, 2022 3:05 pm

BlackRock is all in for the Great Reset. Traitors.

Slowroll
September 15, 2022 3:34 pm

The warmachiks pushing ESG is more proof that they are really pushing Socialism with its government control. “Climate” is only the beard.

Brad-DXT
Reply to  Slowroll
September 16, 2022 8:50 am

Speaking of beards, I believe the Social part of ESG includes kneeling before the LGBTQ+ crowd.

Chris Hanley
September 15, 2022 3:52 pm

In 2005 eminent historian Robert Conquest wrote: “In addition to the current international changes and challenges, there is a tendency in the West to move in the direction of a non-totalitarian but nevertheless single-minded corporatism stultifying and intrusive on law and liberty”.
It is implausible that Fink and Bloomberg would be working towards the abolition of private property.
Joel Kotkin is onto it in his book The Coming of Neo-Feudalism: A Warning to the Global Middle Class.

Last edited 17 days ago by Chris Hanley
Mickey Reno
Reply to  Chris Hanley
September 15, 2022 4:49 pm

Or it’s possible that they’re just straight up crooks, working such that they personally come to own a much bigger chunk of the available property. I don’t give a damn whether he’s a con artist or an ideologue, I just want Fink’s grand plans stopped.

By the way, on what planet is “single-minded corporatism” not exactly equivalent to totalitarianism? Stalin was a single-minded corporatist, wasn’t he? Mao? Castro, Xi, Pol Pot? Hugo Chavez? The Kims of North Korea? All of them are quite single minded by my reckoning, and all run (or ran) corporations called Socialist states.

Last edited 17 days ago by Mickey Reno
tgasloli
Reply to  Mickey Reno
September 15, 2022 4:59 pm

Corporatism and Socialism are different economic systems. Do not confuse the two. US, especially the Democrat party, is corporatist in its relationship to Big Corp, Wall Street, Big media, and Tech. That is why these corporations fund the Democrat candidates. The pretense of social justice is used to cloak the corporatism with the warm and fuzzies of soft socialism.

Mickey Reno
Reply to  tgasloli
September 15, 2022 6:13 pm

You’re over-thinking this. Just accept that I’m defining a corporation more broadly, as a political association of more than one person, ostensibly working together for a common set of goals.

The statist totalitarian corporations don’t care about the utilitarian aspects of their jobs, as a profit making company selling goods and services to willing buyers on a level, fair playing field, must. But they still run a corporate game. They suck some of the productivity out an economy, in the way of money and other things of value, and where the CEO (or dictator), his family, the board members (the Communist Party) are all pulling down lots of filthy lucre, driving the best cars, living in the dachas by the lake. I would assert that their money (it’s theirs now) was certainly income, though it shouldn’t ever be called ‘profits.’ But it still represents some, perhaps many persons’ work, thought, ingenuity, toil, however you define a taxpayer’s or serfs or citizens’ productivity.

By the way, I’m an almost exclusive Republican voter. But I won’t agree that it’s only Democrats selling out our country. I’m willing to cast my aspersions at some Republicans, too. Many Republicans are corrupt, crony capitalists, using government offices to enrich themselves. They’re just not as good at it as Nancy Pelosi, who used insider trading, the Obamas, who used sheer celebrity and fame, and the twin crime families of Clinton and Biden, who had to work at least a little bit and share a percentage with family, in order to peddle their influence.

I’m on a rant, and can’t stop myself. I don’t know if most other people here followed a recent Sam Harris podcast assertion that Hunter Biden was the instigator of the deals in China and Ukraine referred to on the infamous laptop, story squelched by media corporatists in league with Democrat corporatists. Honestly, Sam, I thought you were smarter than that. Who in the hell could possibly think those were Hunter’s deals? No, Sam Harris, you idiot, those were Joe Biden’s deals. You remember, the Big Guy? They were Jim and Jill Biden’s deals, too. Hunter was just the bag man and the crack addicted jail cover. Pull your damn head out. Of course, every Democrat voter who supports this doddering old criminal, appears to like things this way. They should pull their heads out, too.

Mickey Reno
Reply to  Mickey Reno
September 15, 2022 6:33 pm

Sorry to respond to my own post, but this is a climate blog, so I just wanted to say something less political, more topical.

It was a hot day, yesterday, here in South Florida, where we have the best damn governor in the US, Ron DeSantis, who I hope will run for the office of US President, even though I have mixed feelings about him leaving his post as governor before he’s term limited. But I digress. I believe I was telling a joke. It was hot, yadda yadda… How hot was it?

It was so hot, iguanas were climbing up into trees.

[ba dump bump]

See, when it gets very cold, the iguanas fall out of the trees, so when it’s hot they don’t. Oh come on, that’s funny.

This climate change adjacent joke brought to you by Floridians With Mixed Feelings About Ron DeSantis for President (NOT a 501c3 corporation).

william Johnston
Reply to  Mickey Reno
September 16, 2022 7:59 am

What’s an iguana?

DonM
Reply to  william Johnston
September 16, 2022 3:49 pm

HOW TO COOK IGUANA BURRITOS
1. Legally kill an iguana by shooting it in the head or stabbing it in the brain.
2. Wash the iguana.
3. Cut off its head, then cut a straight line underneath the belly to begin skinning it.
4. Remove the skin and guts, so that just the meat and cartilage remain.
5. If you want, keep the skins for tanning.
6. Put the bodies in boiling water. Let sit for at least an hour or until tender. Add onions to the water for flavor.
7. Pick off the tender meat from the cartilage. Separate white and dark meats, then use whichever type you prefer.
8. Season the white meat with chili-lime seasoning, curry or any type of taco-friendly spice.
9. Chop onions and chives, avocado, limes and other desired toppings.
10. Mix the onions and chives in with the meat. Then, sautee the mixture on medium-high heat until it is soft.
11. Place the meat in the center of a flour tortilla with avocado, sour cream, salsa and other toppings.
12. Wrap and enjoy.

MarkW
Reply to  tgasloli
September 15, 2022 6:32 pm

What you define as corporatism already has a name, fascism, and it’s a form of socialism.

Joel Snider
Reply to  MarkW
September 15, 2022 7:42 pm

All from Marx.

Joel Snider
Reply to  Joel Snider
September 15, 2022 7:45 pm

And you can’t separate Marxism from Marx himself – a true parasite.

Frank from NoVA
Reply to  MarkW
September 16, 2022 6:53 am

Bingo Mark. And ‘progressive’ is the term America’s fascists use to describe themselves.

Chris Hanley
Reply to  Mickey Reno
September 15, 2022 5:14 pm

Marxism is common ownership of the means of production, you can call it Marxism if you like but what seems to be happening is the opposite a concentration of ownership.

Last edited 17 days ago by Chris Hanley
MarkW
Reply to  Chris Hanley
September 15, 2022 6:34 pm

What you are calling common ownership is in reality, government control/ownership. Government ownership is always the ultimate in concentration.

Joel Snider
Reply to  MarkW
September 15, 2022 7:44 pm

It’s a deliberately self-serving deceptive definition of a parasitical ideology – and always results in some form of dictatorship exactly for the reason you stated.

Chris Hanley
Reply to  MarkW
September 15, 2022 8:54 pm

There have been and are many examples of authoritarian oligarchic corporate states e.g. in Latin America, Salazar’s Portugal, South Korea, Russia, that are certainly not Marxist states.

Joel Snider
Reply to  Chris Hanley
September 16, 2022 5:26 pm

Kind of a ridiculous comment – totalitarianism existed before Marx and is not dependent upon it. But Marxism embraces it.

Joel Snider
Reply to  Chris Hanley
September 16, 2022 6:55 pm

Although, I suppose you could make the fair case that globalists have decided Marxism is a good lever to assume ownership/control over the western world, with a communist Chinese-dominated economy being easier to control.

Chris Hanley
Reply to  MarkW
September 15, 2022 9:00 pm

Call it ‘crony capitalism’: “an economic system characterized by close, mutually advantageous relationships between business leaders and government officials” (Oxford).

Last edited 17 days ago by Chris Hanley
Joel Snider
Reply to  Chris Hanley
September 16, 2022 5:26 pm

That’s not capitalism – that’s racketeering.
Calling it capitalism as a common slang, and then using the definition of that slang, is just deliberate, opportunistic labeling.

Last edited 16 days ago by Joel Snider
John Oh
Reply to  Clyde Spencer
September 15, 2022 5:23 pm

Dilbert has been mocking esg all week. It gets better every day.

Joseph Zorzin
Reply to  John Oh
September 16, 2022 4:54 am

from a few weeks ago

dt220902.gif
Mickey Reno
September 15, 2022 4:34 pm

ESG is Progressivism writ large, a way for Communist and Socialist central planners to take over or at least rule over private companies by insisting people who are NOT shareholders, employees, managers or board members or even customers, have a stake in the company. We must end this. They have no stake, and ESG has no place in the governance of capitalist firms. Activist Socialists in Black Rock and Vanguard and similar companies require correction from the court of public opinion. It’s time to cancel some of those bastards for a change.

John Oliver
September 15, 2022 5:59 pm

I have to admit, things that just 3 years ago I was criticizing as “off the deep end conspiracy theory “ ; has all turned out to be 100% provably true. Shockingly real, and real scary. Its all going to ultimately fail, only question is how much destruction will be left in its wake.

Steve Case
Reply to  John Oliver
September 15, 2022 6:04 pm

Shockingly real, and real scary. Its all going to ultimately fail, only question is how much destruction will be left in its wake.
_______________________________________

And how long will it take. Starting with Rachel Carson’s “Silent Spring” in1962 it’s been 50 years so far.

Joel Snider
Reply to  John Oliver
September 15, 2022 8:01 pm

I’ve been one of those being called a tin-hat – boy, do I hate being right all the time.
I first discovered the tail of the dragon through climate science.

Last edited 17 days ago by Joel Snider
IanE
Reply to  Joel Snider
September 16, 2022 5:06 am

Or even, climate ‘science’.

Joel Snider
September 15, 2022 6:27 pm

Honestly, the narcissistic apocalyptic religious fervor of these modern progressives is one of the most frightening things I’ve even seen.
And they call everyone else extremists.

Old Man Winter
September 15, 2022 7:10 pm

Very captivating presentation, both in content & high-quality videographics!

Adam Smith-
“No society can surely be flourishing and happy, of which the far
greater part of the members are poor and miserable.”

Lord Acton-
“Power tends to corrupt, absolute power corrupts absolutely”

The world is politically & economically unstable as one person and/or
group(s) of people can get a monopoly on power. The best way to keep
a party from gaining absolute power has been for everyone else to join
forces to keep that from happening.

The Great Reset is nothing but the joining of two groups- utopian
liberals & global capitalists- who have gained power since the mid-19th
Century & have always seen monopolistic power as a fulfillment of their
differing dreams. Since it’s always been a struggle between the haves &
the have nots, it was the have nots in both the conservative & liberal
groups who failed in their responsibility to expose the “monopolistic
rats” in their own groups (Attempts to do so in the other group would
have been fiercely resisted & seen as an attack from the enemy). Instead,
by cheering the “home team” too much, they failed to detect the rats in
their own group & get rid of them. They then chose to fight the other
have nots which allowed the rats to “divide & conquer” them. This kept
them from joining forces to get rid of the real rats.

Each group of rats survived & then thrived. Eventually, the rats became
more intertwined which led to them joining forces to get the absolute
power each group craved.

Glenn Beck’s description- “modern corporate cronyist techno socialist
international fascism”- fits best with what I described. As a deplorable,
I don’t see any point YET in joining forces with the liberal masses as
they’re like the haves, except without their power. The only way I’d
do that is for them to reach out to see if they’re interested in listening
to several other possible viewpoints of the total situation than theirs.
That “light pink pill” could become at least a light red one. It’s a wide
gap to fill but you don’t know what will happen if you don’t try!

Old Man Winter
Reply to  Old Man Winter
September 15, 2022 7:54 pm

OOPS- 4th line from the end- “them to reach out”
S/B “us to reach out to them”

Giorgio
September 16, 2022 1:02 am
beng135
September 16, 2022 9:59 am

“Woke Capitalism Fascism”

There, fixed the title.

September 16, 2022 10:47 am

The GOOD news is the ESG passion to divest in fossil fuels is working. The BAD news is that is the ESG passion to divest in fossil fuels is working.  

Of the 700 refineries in the world, one in five oil refineries are expected to cease operations over the next five years. One in five is 20 percent, or almost 140 refineries expected to be shuttered worldwide, resulting in a 20 percent decline in the products manufactured to meet the ever-increasing demands form society.

Refinery closures are outpacing new construction over the next five years and will significantly reduce the supply of items manufactured at refineries to meet increasing worldwide demands and place tremendous pressures on continuous shortages and inflation.

Ted
September 16, 2022 2:19 pm

In the United States, ESG exists strictly because Democrats are corrupt. Play along or risk government harassment or criminal investigation. The accusations of Trump being fascist were just another example of projection.

September 18, 2022 7:47 am

The ESG efforts to rid the world of fossil fuels, would eliminate planes, wind turbines, and solar panels as all their parts are all made from the oil derivatives manufactured out of crude oil.  
 
https://www.cfact.org/2022/09/13/is-net-zero-emissions-the-trojan-horse-for-society/
 
 
Go figure that logic!

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