On Saturday, Tesla and SpaceX founder and CEO Elon Musk once again slammed corporate rules designed to guide ethical investing, known as Environmental, Social, and Governance (ESG) criteria, as the “Devil Incarnate.”
“I am increasingly convinced that corporate ESG is the Devil Incarnate,” Musk said in a Twitter reply joking that not doing laundry complies with this criteria. Carson’s Over-The-Counter Memory Drug Triples Memory… According to Investopedia , ESG criteria “are a set of standards for a company’s operations that socially conscious investors use to screen potential investments.”
Environmental criteria include a company’s energy waste, pollution created, and treatment of animals and nature. Social criteria include whether a company supports LGBTQ rights and encourages diversity, and whether they pay a fair wage throughout their supply chain. Governance criteria include a diverse board, and embracing corporate transparency, Investopedia explains.
According to the Daily Mail , ESG is sponsored by the European Union, and if firms comply with the checklist, they receive a stamp of approval that investors can use to weigh their investing decisions.
The thread in which Musk was replying to originated with a social media clip from Politico , in which Margrethe Vestager, European Commissioner for Competition, called for shorter showers, and […]
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I hate being “that guy” who asks people to donate because I think our conservative news network is so crucial, but here I am…
When I left my cushy corporate job in 2017, I did so knowing that my family would have to make sacrifices. But I couldn’t continue to watch the nation slip into oblivion and was inspired by President Trump’s willingness to fight the good fight even at his own personal expense. What I didn’t realize then is that conservative media would be so heavily attacked, canceled, and defunded that the sacrifices would be extreme.
Many in this nation are struggling right now even though we weren’t struggling just a few years ago. I’m not alone. But I wake up every morning and operate the sites we’ve been able to build because there’s really no other choice. I refuse to be beholden to Big Tech like so many other conservative news outlets, which is why you won’t see Google ads here. With that said, it’s often challenging to pay the bills and it’s even harder to expand so we can get the America First message out to a wider audience.
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