Environmental, Social, and Governance (ESG), is a term that refers to policies and actions that put climate change and social justice at their center. ESG presidency could be called the Biden administration. The core of policymaking is “Equity”, or the discrimination to attain parity without consideration for performance and qualification.
As annoying and destructive as these policies might be, politicians are expected to adopt policy positions that favor one political ideology. Corporations are expected to provide excellent products and services in order to win in the market. However, major brands are increasingly taking ideological positions.
Consumers’ Research is a 501(c), (3) that highlights the politicization of corporate America at customers’ expense in multimillion-dollar ad campaigns.
The ads of the organization have resemblances to woke behavior by major league baseball, Coca-Cola, and Levi’s. Will Hild, President of the organization, says that they will continue to encourage companies to adopt a customer-centric business model and expose those who prioritize delivering for customers over waking up. Consumers’ Research exposed banks and investment companies that got involved in ESG. Consumers’ Research exposed how Larry Fink, the CEO of BlackRock Investments, and Larry Fink, the investment firm’s CEO, used their money to push for their environmental policies within corporations via a series of ads.
Effectively fighting woke capital requires a multi-pronged approach. Hild, therefore, announced Tuesday the launch of Consumers Defense (a 501(c), (4) partner organization to Consumers’ Research). Consumers Defense is a sister organization of Consumers’ Research. Hild explained that this new organization, which builds on our over 90-year history standing up for consumers’ interests, was the next logical move in defending their rights, namely against ESG and woke capitalism threats.
“Never before have Wall Street and corporate America treated their customers so disrespectfully. We had to take on every possible threat to protect consumers from ESG-induced price inflation and shortages. Public pension money should not be used by billionaire fat cats to play politics. He said that Consumers Defense would do its part in ending this wicked scheme once and for all.”
Consumer’s Defense assists the state to strengthen laws that protect the interests of public pension holders and state employees. A second initiative is to teach state legislators how they can protect state contracts from businesses that discriminate against vital industries.
This website provides model legislation that addresses these issues. It is modeled after states that have taken on woke capital. The legislative tracker tracks 155 bills from across the country. It displays the stage of the legislation and lets citizens know which bills died. When they consider these bills, state legislators and governors are contacted by bank lobbyists. Hild hopes that the tool will allow citizens to weigh in.
Kentucky Attorney General Daniel Cameron published an opinion in May declaring that ESG investment is not compatible with Kentucky law. Allison Ball, State Treasurer, stated that pension funds must be used for profit in the best interests of the investor. Investments should also support economic growth and industrial development in the state. ESG policies are detrimental to the fossil fuel industry. Kentucky produces 173,000,000 tons of coal each year and was ranked 20th for oil and natural gas production in 2017.
Other state-level actions were taken earlier in the year by Riley Moore, West Virginia State Treasurer, and John Schroder, Louisiana State Treasurer. They both removed state treasury money from BlackRock. Moore also cut ties to payment processors who subscribed to ESG policies. Their combined efforts have a net effect of approximately $800 million in investment funds. Consumers Defense incorporated elements from state laws to empower officials such as Cameron, Moore, and Schroder to fight ESG investing.
Hild is passionate about fighting ESG because of what’s happening in Europe. Many countries are facing 30-40% inflation and continue to implement insane ESG policies. Consumer’s Defense will be fighting hard to stop this. Europe is becoming less industrialized. Germans are building firewood to meet gas shortages. Some countries could be forced to use traditional methods for heating, cooking, and lighting their homes as a result of green energy policies. This winter, blackouts, and power outages are possible. Particularly, warnings were issued by Germany and the U.K.
Hild says that it is more than heating and lighting. There is a possibility that people could run out of food. ESG policies were responsible for the collapse of Sri Lanka’s agriculture industry and are driving protests by farmers in the Netherlands. People who support green energy want to transform the way we produce food. The recommended policies are to limit livestock and decrease the use of nitrogen which reduces output.” ESG policies will have an impact on the global food supply. Hild stressed that “We are trying to prevent these outcomes in America.”