As Environmental, Social and Governance (ESG) divesting in fossil fuels progresses, by many of the masters of the financial universe, the short memories of petrochemicals’ golden goose contributions to societies are leading the world to an era of Extreme Shortages Guaranteed (ESG) like we had in the decarbonized world in the 1800’s!
Allowing banks and investment giants like BlackRock, led by CEO Larry Fink to collude to reshape economies and energy infrastructure is a very dangerous precedent. Their movement that promotes the idea of a forcibly monolithic, regimented nation under the control of the investment community is scarily beginning to resemble the fascism that dominated the media in the past. The American people never voted to give banks this sort of control over our country.
The notion is incomprehensible that unelected and unaccountable functionaries—such as Larry Fink of Blackrock, World Economic Forum executive chairman Klaus Schwab, Federal Reserve Bank Governor Lael Brainard, or SEC Chairman Gary Gensler—can legitimately substitute their progressive beliefs and fixations for the will of the American people that businesses should provide compliance to their ESG guidelines (regardless of the costs), and that the general population should stand aside and accept whatever its betters say is necessary.