Musk challenges the ESG scam

 Robert Romano:

Hours before Elon Musk announced that he is joining the Republican Party on Twitter, writing the Democratic Party had “become the party of division & hate,” he had just strongly reacted to S&P’s decision to remove Tesla from its Environmental, Social and Governance (ESG) index.

“Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list! ESG is a scam. It has been weaponized by phony social justice warriors,” Musk wrote.

In a follow-up tweet, Musk posted a Dwayne Johnson meme asking, “What’s an ESG score?” to which his companion replies, “It determines how compliant your business is with the leftist agenda,” leaving Johnson’s character pictured shocked and agitated.
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It is one of the great ironies that Musk, whose company pioneered the modern electric car industry and has perhaps benefited more from ESG investment than any other, seeing Tesla’s stock rise to as high as $1,200 a share last year before the current bear market, now suddenly poses the single greatest threat to the ESG leviathan.

It seems to have at least in part catalyzed his departure from the Democratic Party.

In March, shortly after it was clear that war in Ukraine, and resulting Western sanctions on Russian oil and gas production, would create higher inflation and energy shortages, Musk called for an increase in oil and gas production in a bid to offset Russia, writing on Twitter: “Hate to say it, but we need to increase oil & gas output immediately. Extraordinary times demand extraordinary measures.”

Here, Musk was taking on the E of ESG: Environmental. That is, with a world at war, domestic energy production should take priority over far-off goals to address carbon emissions globally. It was heresy.

In April, when Musk made his bid to buy Twitter, he took on the S of ESG: Social, by addressing Twitter’s terms of service. Over the years, Twitter has pursued aggressive Diversity & Inclusion goals that internally impact racial and gender hiring quotas — which afoul of federal civil rights law and diversity sensitivity training in companies — and which outwardly enforces corporate censorship policies on the public under the guise of terms of service, especially to anyone who dissents against these goals.

In 2020, Twitter’s ESG report declared that it would not “amplify” the speech of some on their platform: “Freedom of speech is a fundamental human right — but freedom to have that speech amplified by Twitter is not. Our rules exist to promote healthy conversations.” Also, “We aim to strike an appropriate balance between empowering freedom of expression and creating a safe service for participatory, public conversation.”

In other words, some users on Orwellian Twitter are more equal than others.

Instead, Musk proposes to buy Twitter and make it a free speech platform because he says it is essential to functioning democracies to have open platforms.

Already, Musk is proving that individuals against this ESG corporate state are not supposed to challenge the agenda, or it will try to destroy you. In the process he has smashed their temple into a thousand pieces for all to see. But a sedated public could soon forget who its masters really are without frequent reminders. Musk will have to follow up on this if he wants to make it stick.
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ESG tends to make inflation explode.  Its attack on the fossil fuels business is one example where it had made it harder to finance operations of companies that produce oil and gas. It represents many of the things that are currently wrong with the environmental movement.  Instead of focusing on finding solutions they believe are better than fossil fuels, they just focus on making energy scarce and driving up the cost in hopes that an alternative resource will magically appear.

See, also:

Biden desperately needs more oil, so why is he canceling leases?