ESG = Extremely Sophisticated Greenwashing
Over the last several years, a trend has taken hold in business circles called the Environmental, Social, and Governance (ESG) movement. ESG aims to quantify a company’s social and environmental impact.
Most Americans, to the detriment of the cash in their wallets, pay little attention to these policies’ effects on their daily lives and livelihoods. TEA’s mission is to awaken Americans to the hypocrisy and surefire energy poverty endgame of the feel-good “ESG movement”.
When you hear California (and many other states) mention banning sales of traditional cars in their states by 2035, know that such actions are economically devastating to the low and middle-income households of those states.
The mining and processing of rare earth minerals essential to so-called green energy technologies and battery cars creates many substantial environmental issues. Additionally, the jobs in so-called “green” energy places like China and the Congo are often filled by forced or child labor. So much for social responsibility. The shortsightedness of manufacturers like GM and Ford laying off their American workforce to transition to electric vehicles is only the tip of the iceberg. Losing jobs in the supply chain to these companies is around the corner.
And, the money spent on these policies will simply be passed onto consumers in the form of even higher prices. While ESG may sound good on paper, it is simply bad for hardworking Americans. We must hold the woke ESG greenwashing firms and green-at-all-cost politicians accountable for our high energy costs and runaway inflation from this so-called “governance.”
As Aswath Damodaran, Professor of Finance at New York University Stern School of Business, puts it: “The ESG bandwagon may be gathering speed and getting companies and investors on board, but when all is said and done, a lot of money will have been spent, a few people (consultants, ESG experts, ESG measurers) will have benefitted, but companies will not be any more socially responsible than they were before ESG entered the business lexicon.”
Check out The Empowerment Alliance for more truth about environmental and energy policies influencing our economy and our lives.