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ESG

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Woke' Goes Broke: Do ESG Funds Finally Face Extinction?-Investors Business Daily

ESG, or environmental, social and governance, used to be a selling point for ETFs. But now the point is a liability — as the election hints such factors aren't a top concern for most Americans. There's also the suspicion the new administration will roll back some regulations that urge ESG principles.

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Another example of how stupid ESG is. Just because company has "green energy" in it's name doesn't mean it's a good investment.

Adani Shock Exposes ESG Fund Bosses Caught in ‘Terrible’ Bet-Bloomberg

Roughly 770 ESG funds worldwide hold shares of Adani Green Energy Ltd., which just lost about a quarter of its value after US prosecutors charged Gautam Adani with suspected bribery. It’s one of a group of companies in the Adani empire that made it past ESG screens, only to be dumped by investors as they digest a fresh litany of alleged breaches.

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Trump energy pick wrote ESG report hailing oil, gas, downplaying climate worry-Reuters

President-elect Donald Trump's pick to lead the energy department believes fossil fuels are the key to ending world poverty which, he says, is a greater problem than climate change's "distant" threat, according to a report he penned as CEO of oilfield services company Liberty Energy

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Vanguard’s updated investor proxy choice program includes anti-ESG voting option-ESG Dive

The new third-party “wealth-focused” policy will allow shareholders to vote in accordance with advice from proxy adviser and ratings company Egan-Jones. The proxy adviser’s website states that the plan opposes policies aimed at promoting diversity, equity and inclusion and environmental protection and issues recommendations “based only upon the objective to protect and enhance the wealth of investors.”

Trump Win Forces Once Vocal Corner of Wall Street to Regroup-Bloomberg

Investment managers targeting climate change — a concept Trump has referred to as both a “scam” and a “hoax” — say it’s time to start speaking in terms that don’t alienate the millions of Americans who voted for the president-elect.

“We need to change the language we’re using when we talk about climate and the energy transition,” said Joe Sumberg, a former Goldman Sachs Group Inc. managing director who now runs real estate investments at billionaire Tom Steyer’s Galvanize Climate Solutions.

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Woke Companies

Jaguar Goes WOKE-Fox News

The car company released an ad featuring androgynous individuals in abstract outfits, hair and makeup and weirdly but Jaguar clearly but purposefully chose to exclude an important piece of ad, THE CAR!

I mean, shoot, even Bud Light was smart enough to at least have a Bud Light can in the advertisement with Dylan Mulvaney.

Despite the backlash and ribbing Jaguar is getting for this bizarre,  woke, and car-less CAR ad, the company is offering no apology or retraction.

Donald Trump Jr. Goes All-In on the Anti-Woke Economy-WSJ

The MAGA surrogate and powerful adviser to the president-elect is joining venture-capital firm 1789 to invest in companies espousing conservative values, bringing new attention to a financial movement that hasn’t taken off

Disney Has a Trump Problem-Newsweek

Now, with Iger set to leave the company, and a Harris acolyte waiting in the wings to take over, Disney appears to be on a collision course with Trump, who many fear will spend his second term in office targeting his enemies.

Stock has done amazing, looking at a weekly chart it could be setting up as a double top short sale.

DEI

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Why some U.S. companies are scaling back DEI programs-CNBC.com

The challenge remains proving DEI’s financial impact. Companies spend an average of $8 billion annually on DEI training, according to the Harvard Kennedy School, but shareholders and board members often question the return on investment, especially amid growing conservative pushback.

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Lululemon Faces Legal Fire Over Its DEI Program After Bias Complaints Surface-NY Law Journal

The program "was not structured so as to meaningfully combat discrimination within Lululemon... as a result, Lululemon employees continued to experience discriminatory treatment," according to two shareholder complaints.

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Bill To ‘Dismantle’ DEI From Federal Government Headed to House Floor-New York Sun

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U.S. Workers Might Be Souring on DEI-Inc.

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According to a new survey from the Pew Research Center, U.S. workers are feeling “slightly more negative” about DEI efforts compared with last year.

Despite DEI Pushback, New Report Shows Companies Stay Committed To DEI-Forbes

• Forty-three percent of companies continue to maintain and promote quantitative, time-bound DEI goals, and 80% of DEI goals remain unchanged from 2023.
• Sixty-seven percent of companies have targeted talent programs for diverse talent.
• Seventy percent of companies have supplier-diversity programs.

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Woke

Woke white women start TikTok’s cringiest trend ever-Washington Examiner

Or, as the woman whose TikTok appears to have started the trend put it, the blue bracelets let people, particularly racial minorities, know who they “can trust” and who is “safe.” (Another woman added that she is making her bracelets from “crystals” with “protective powers.”) Millions of people have now seen content related to this trend, and thousands upon thousands, almost exclusively liberal white women, have commented that they are planning on participating.

Is the woke era over?-Fox News

Rep. Alexandria Ocasio-Cortez, D-N.Y., removed her pronouns from her bio last week. It was a small shift but a perceptible one.

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Market forces are coming for Harvard, Columbia and other toxically woke universities-NY Post

A reckoning is under way for the Ivies and other elite universities, as top students look elsewhere and alumni donations drop because these schools have abandoned their missions and their principles to worship “woke.”

Who’ll gain? Schools that resisted the rot, like Perdue, Boston College, maybe the University of Chicago — and even the likes of Clemson and Ole Miss.

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Everything Else

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Elon Musk Responds As British Government “Summons” Him To ‘Disinformation’ Hearing-modernity