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As Canadian fog smothers New York City, the @ManhattanInst is taking over DC 
West Virginia Treasurer, @RileyMooreWV, who is also running for the open #WV02: “ESG is forcing dollars towards ideas instead of returns.” To be frank, it’s working, he warns @ManhattanInst
Now, @WillHild, the head of @ConsumersFirst: ESG is not just when you have a fund that has “ESG” on it. “Funds that actually say ESG on the label are a small minority.” It is “trying to force companies downstream from the financial services industry” to adhere to political… twitter.com/i/web/status/1…
Next, @WillHild is touting the work that @ConsumersFirst has done in making @BlackRock almost a household name. “What Blackrock chose to do is take all of their funds…to push these ESG priorities, regardless” of what fund they are in
“In 2021, we started a coalition of about 15 states around the country, wrote to Biden and major financial institutions to let them know” that if they weren’t going to change their policies about fossil fuels, they were going to change their contracts and start looking at other… twitter.com/i/web/status/1…
In January 2022, @RileyMooreWV became the first elected official to divest from @BlackRock, to the tune of $1.5 billion. They then created a Restricted Financial Institution List, to say that if firms are boycotting the fossil fuel industry that West Virginia will stop doing… twitter.com/i/web/status/1…
“I’m doing this not as a market regulator…I’m the State Treasurer of West Virginia. I’m acting as a market participant…We had a clear conflict of interest there,” @RileyMooreWV says
WHERE DID ESG COME FROM?
“Part of it [push for ESG] is greed,” @WillHild says.
There’s also often a “revolving door between regulators and the industries that they work in.” “Larry Fink was rumored, had Hillary Clinton won the presidency, to be Treasury Secretary.”… twitter.com/i/web/status/1…
“Part of it [push for ESG] is greed,” @WillHild says.
There’s also often a “revolving door between regulators and the industries that they work in.” “Larry Fink was rumored, had Hillary Clinton won the presidency, to be Treasury Secretary.”… twitter.com/i/web/status/1…
“ESG was actually invented in an office of the United Nations,” @WillHild says.
Paul Clement Hunt, a bureaucrat that no one has heard of, created it. He invented it to hack Milton Friedman’s vision of shareholder capitalism.
Paul Clement Hunt, a bureaucrat that no one has heard of, created it. He invented it to hack Milton Friedman’s vision of shareholder capitalism.
“In a word, what this comes down to [ESG] is control,” @RileyMooreWV says
“‘Why don’t we do a Republican ESG?’ That is a bad idea…Let dollars flow towards things that are going to maximize shareholder return.”
“‘Why don’t we do a Republican ESG?’ That is a bad idea…Let dollars flow towards things that are going to maximize shareholder return.”
“This [ESG] is not an organic phenomenon, this is a government phenomenon.” “[ESG] will be excised, it has to be,” @WillHild says.
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