With ESG, Everyone's a Climate Activist

In 2019, 266 members of the influential Business Roundtable, including the world’s largest fund managers, bankers, communications carriers, even fossil-fuel companies at the risk of their own survival, signed off on a one-page statement reimagining the American corporation. It described a new paradigm of corporate social responsibility to its stakeholders, a perspective that elevates employees, contractors, and suppliers over the interests of profit-seeking shareholders whose investments underwrite a company’s financial health. It presented a woke capitalist view of the new-age company as beholden to environmental and social whims of the political elite.

The concept of stakeholder capitalism is a half-century old, dating back to the Davos manifesto in 1971. To CEOs of a progressive bent, this better kind of capitalism changes the calculus for business leaders by embracing a corporate conscience that devalues short-term shareholder profits in favor of investments aimed at resolving environmental and social issues.

Under the thumb of the United Nations and World Economic Forum, the Biden administration and corporate boardrooms across America have thrown their lot behind the practice of stakeholder capitalism. In so doing, they have put American economic and energy power in the hands of potentates and dictators and brought a sense of reality to decades-old fears of a New World Order, Bilderberg conspiracies, and global kingmakers steering nation-state economies.

Highlighting the European origins of this crusade is a manipulated Swedish teenager named Greta Thunberg, whose well-coached militancy inclines her to apocalyptic outbursts characteristic of an anxiety disorder. Trafficked as a doomsday climate purveyor to world leaders, Thunberg recently showboated her net-zero emission convictions by boarding a sailboat from France to the United States. Pulling off this transatlantic stunt forced several crewmembers to take mega-carbon airline flights to various ports of call.

The movement to align worldwide production and labor is woven into a vision to eliminate carbon emissions from the planet. It is a Trojan Horse for an economic fascism that benefits few but the international corporate and political elites who toast their influence and fortune at Davos cocktail parties.

There’s a lot of backslapping going on in the corporate world over Environmental, Social, and Governance (ESG) business strategies. ESG provides the leverage used by governments to force-feed a progressive value system on corporations. It is shareholder extortion, a corporate money pit pushed by the climate commissars at the UN and WEF that assures the erosion of shareholder investments.

Climate activism is a billy club swung wildly by the Biden administration and Beltway Democrats to rule over the domestic means of production by threatening a dystopian view of the future. It pervades every department of the administration, including the military. Social media and the academies have fallen in lockstep, censoring or shouting down any denial of climate change narratives. In Alinsky style, last week Biden preached to a distressed audience in Fort Myers that Hurricane Ian ended the debate about the effects of global warming, sinking to a new low in the presence of human misery and destruction with a callous claim discredited days before by...



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