In the total state, companies won't have access to capital without pledging to the regime's climate dogma.
Daily Caller (3/23/22) reports: "Democrats, banks, regulators and activists have increasingly set their sights on the financial sector and legal system, not Congress, for pushing their aggressive climate agenda. Employing so-called environmental, social and governance (ESG) initiatives, financial institutions and government agencies have quietly implemented policies prioritizing a focus on factors unrelated to a company’s bottom line, experts said...In the latest example of the ESG and sustainable investing movement, the Democratic-majority U.S. Securities and Exchange Commission (SEC) proposed a sweeping set of rules Monday that would require publicly-traded companies to disclose their carbon emissions and how they were planning to transition away from fossil fuel reliance...'Congress is really unwilling to impose much in the way of costs and to address climate change,' David Kreutzer, the senior economist at the Institute for Energy Research, told the Daily Caller News Foundation in an interview. 'Frustrated by that, people in Washington want to use non-legislative ways to impose these costs and raise the price of energy-intensive goods and energy in general.' 'One of the ways that they’re doing it — it’s like an all fronts attack — is under the guise of environmental, social and governance investments,' he added."
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"If the Biden administration announced a restart of the Keystone pipeline, oil producers would reverse their thinking, because anticipated future oil prices would fall with the greater future supply at lower cost, which can be expected when the Keystone becomes operational."
– Richard McKenzie,
University of California, Irvine
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