Abolish Partisan ‘ESG’ Transfer of Wealth and Power

[ACT For America]
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Dear John,

IT’S TIME TO END THE WAR ON ENERGY FREEDOM AND ABOLISH THE PARTISAN
ESG TRANSFER OF WEALTH AND POWER

ESG’s primary function is to cut off capital to the oil and gas
industry and direct it to ‘green’ energy.

A groundswell of resistance is emerging in the United States as
elected officials, shareholders, and the public coalesce against the
perceived undemocratic implications of the "Environmental, Social, and
Governance" (ESG) investment framework, which critics argue has been
wielded as a tool by the elite left.

THIS MOVEMENT IS CHARACTERIZED BY MULTIPLE FRONTS OF ACTION. On the
legislative front, federal lawmakers have put forth proposals
mandating that investment advisers prioritize financial gains over
non-monetary interests, seeking to ensure a focus on economic returns.
Criticism has arisen, particularly_ from a recent study showing that
ESG funds underperformed the broader market by 6.3% to 8.9% over the
last five years._

SIMULTANEOUSLY, STATE TREASURERS ARE STEPPING UP TO CHALLENGE
financial institutions that seem to discriminate against essential
industries within their respective states.

AMIDST THIS, CONSUMERS ARE PUSHING BACK AGAINST WHAT THEY PERCEIVE AS
"WOKE CORPORATIONS," expressing their displeasure with companies that
adopt socially and politically charged stances.

SHAREHOLDERS ARE TAKING A MORE DIRECT APPROACH BY ENGAGING CEOS,
questioning the rationale behind investment firms channeling
substantial American pension funds into China's economy, potentially
bolstering communist leaders.

CRITICS CONTEND THAT ESG OPERATES AS MORE THAN JUST AN ENVIRONMENTAL
INITIATIVE; they view it as an underlying wealth transfer scheme that
operates under the façade of a green agenda.

THE ESG FRAMEWORK PROVIDES A STRATEGIC MEANS FOR THOSE IN POWER TO
EXERT CONTROL AND INFLUENCE OVER ECONOMIC SECTORS, PARTICULARLY
TARGETING INDUSTRIES THAT HOLD OPPOSING POLITICAL OR ENERGY VIEWPOINTS
to disproportionately disadvantage certain sectors and favor others,
_ultimately redistributing wealth and power within the market._

BY LEVERAGING ENVIRONMENTAL AND SOCIAL CONCERNS AS A COVER, this
approach allows the wielding of influence to advance specific
political agendas while effectively marginalizing industries that do
not align with the prevailing narrative.

ESG HAS PROVEN ELUSIVE TO A PRECISE DEFINITION DUE TO ITS SUBJECTIVE
NATURE. With over 600 ESG raters and rating systems globally in 2018,
its interpretation varies widely. The surge in ESG reporting and
investing has led to the creation of dedicated financial products by
brokerage firms and mutual fund companies, resulting in almost 700 ESG
exchange-traded funds in the United States alone. Over 90% of S&P 500
companies and 70% of Russell 1000 Index companies offer ESG reports,
indicating its growing importance.

August 8th-Ratings agency S&P Global stops grading borrowers’ ESG
credit risk amid political backlash over ‘woke capitalism’
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THE BIDEN ADMINISTRATION HAS PRIORITIZED ESG, allowing environmental
and social factors to influence investment decisions for retirement
funds of millions of Americans. A group of 25 states has filed a
federal lawsuit against the Department of Labor's ESG rule, asserting
violations of the Employee Retirement Income Security Act of 1974.
This lawsuit raises concerns that the rule could JEOPARDIZE RETIREMENT
PLANS for millions of Americans, AFFECTING ASSETS TOTALING AROUND $12
TRILLION.

[Ban Radical ESG Environment]
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[ACT NOW CLICK HERE]
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