The Woke Street Journal
Short selling is an art. You can’t just set it and forget it. You short on the news, take your gains, and move on. Go Woke, Go Broke...Not Necessarily-Forbes
The Link Between ESG Performance and Earnings Quality-Australian Accounting, Business and Finance Journal
This observation suggests that over time, the utilization of symbolic ESG business practices, which are susceptible to greenwashing, would have a detrimental effect on the fundamental earnings quality influenced by the operational context and the risk of uncertainty associated with the organization.
FDIC Official Warns Of Asset Managers' ESG Sway Over Banks-Law 360
A top Republican at the Federal Deposit Insurance Corp. on Friday called for regulators to look into whether large asset managers are using their positions as major shareholders of publicly traded banks to push their own environmental, social, and governance policy agendas.
A Short Guide to ESG: Political Problems-AIER
The elephant in the room is the special interest rent-seeking of ESG advocates. People are building careers consulting on “anti-racism” and “Diversity, Equity, and Inclusion” initiatives. Large financial firms charge up to 40 percent higher fees to clients investing in “Sustainability” funds. Entrepreneurs offer ESG data collection and reporting software, carbon offsets, and compliance consulting.
MSCI Downgraded: Analyst Highlights ESG Sales Slowdown And Persistent Political Headwinds-Benzinga
The analyst stated that the net recurring ESG & Climate sales through the first three quarters of 2023 stood at $31 million (vs. $52 million in 2022 and $43 million in 2021) on headwinds from political pushback in the U.S. and regulatory uncertainty in Europe.
The analyst expects political headwinds to remain persistent throughout at least 2024.
“There’s no explicit messaging that you can’t invest in clean energy, but it’s going against the sentiment and backdrop that the legislature and the Texas governor are placing.”
Antitrust Enforcers Differ on When ESG Collaboration Is Collusion-Bloomberg Law
Agreements between industry competitors and sharing competitively sensitive information in the name of promoting an environmental, social, and governance initiative are likely to draw concern from antitrust agencies—no matter the jurisdiction or how good the intention.
This seems benign. The $200 Billion Video Game Industry Is a Climate Opportunity-Bloomberg
That success is music to the ears of gamers, policymakers and researchers who say that video games have the potential to boost climate messaging. In 2019, the United Nations even formed an alliance with dozens of gaming companies across the $200 billion industry. One of its initiatives, an annual campaign known as the Green Game Jam, challenges studios to incorporate environmental themes into their most popular titles. Last year, for example, nature conservation was thematically implemented into 41 games, including Angry Birds, Asphalt and Pac-man.
What Has California’s War On Fossil Fuels Actually Accomplished?-Daily Caller
California has gone after the fossil fuel industry with vigor, but those efforts do not seem to have made much impact on climate change while proving detrimental to the state’s economy.
Howard Levitt: Claudine Gay resignation may signal the beginning of the end of the woke DEI cabal-Financial Post
Diversity, equity and inclusion has gone off the rails
This whole saga is a riot. Elon Musk, Mark Cuban Debate DEI: ‘When Should We Expect To See A Short White/Asian Woman On The Mavs?’-Daily Wire
How DEI Programs and Liberal Politics Are Failing Gaza-The Nation
DEI, as it exists in most institutions, holds sacred, in the words of one teacher, “the idea that all experiences are valid and your personal pain or trauma must be centered and validated.” This fails Gaza on multiple fronts. First, it provides a false equivalency that allows supporters of Israel to speak about feeling attacked whenever so much as a Palestinian flag is displayed on a Trapper Keeper. The DEI process provides space for people to claim that any critique of the Israeli state rises to the level of antisemitism. In many DEI circles, the weaponization of the charge of antisemitism has proven to be effective. An individual’s feelings that a criticism of Israel is antisemitic is often weighed as a view just as valid as those of people distressed by the IDF’s shelling of Palestinian civilians. But it’s not just about process. DEI arises from mainstream liberal politics, a cornerstone of which for decades has been to be progressive except for Palestine. In the face of this, when the choice is silence or being branded an antisemite, it’s understandable why fear would rule the day.
"Have you guys heard of DEI? It stands for 'Dumb Evil Idiots'," he wrote on X Wednesday. While the post has since been deleted, his statement was reported by numerous outlets such as the Daily Beast and Breitbart.
According to a 2023 survey, 51% of US workers say they would consider quitting their jobs if the company’s environmental actions don’t align with theirs, and 35% said they already have.
One of my favorite slogans is “profits not politics”, maybe I can add “progress not politics” as well. Republicans, Don’t Reject Border Progress Some in the House GOP want to preserve the chaos as a campaign issue rather than solving the problem.-WSJ
That’s nice of them. I guess they kept the donuts for themselves. WATCH: Police Bring Coffee to Anti-Israel Protesters ‘Blockading’ Toronto Jewish Suburb-Breitbart
Connecticut is one of 17 states that have adopted California’s strict vehicle-emission regulations instead of the looser rules set by the U.S. Environmental Protection Agency. But as the Golden State races to ban the sale of new gasoline-powered cars entirely by 2035, some in Connecticut are starting to have second thoughts about riding shotgun.
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