Click here to view original web page at www.theepochtimes.com
Tesla CEO Elon Musk talks to the press as he arrives to have a look at the construction site of the new Tesla Gigafactory near Berlin, Germany, on Sept. 3, 2020. (Maja Hitij/Getty Images) Twitter CEO Elon Musk again denounced environmental, social, and governance ( ESG ) standards as “the devil.”
ESG is a set of nonfinancial “standards for a company’s operations that socially conscious investors use to screen potential investments,” according to Investopedia.
ESG stands for environmental sustainability initiatives (“E”), how well management promotes social justice causes (“S”), and the quality of diversity and equity initiatives in the workplace (“G”).
Many conservatives have warned that these standards will enforce “woke” ideology on corporations to their ultimate detriment.
The billionaire owner of Tesla and Twitter has been criticizing ESG standards as a politicized form of social credit score on businesses.
Musk comments came in response to a Nov. 27 tweet from Carol Roth, a small-business expert and advisor.
“Remember when @ElonMusk wanted to bring free speech to Twitter and then S&P removed Tesla from their ESG 500 Index, but kept in Exxon?” wrote Roth in a tweet.
“ESG is business social credit. It’s a means to control capital, keep business people in line with the narrative, and, ultimately, control you.”“ESG is the devil,” wrote Musk immediately in response. Musk’s War Against ESG Standards Musk has had a months-long feud with the so-called corporate social credit system after Tesla was removed from the S&P 500 ESG Index on May 18.The Twitter CEO stated back in Mar. 22 that “ESG is social credit on a massive scale, applied to corporations and institutions. It’s social credit with a trickle down effect. They won’t have to implement direct social credit if they can convince you to modify your own behavior with a variety of social and economic levers,”A […]
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
JD Rucker