SPOTLIGHT
In last week’s GOP primary debate, Vivek Ramaswamy declared himself as the “only person on the stage who isn’t bought and paid for”—even though he is most certainly bought and paid for. Ramaswamy leveraged his ties within the conservative dark money network to secure lucrative public pension investments and consulting contracts from Republican state financial officers. This maneuvering largely occurred under the radar of public employees and retirees, as neither Ramaswamy nor Strive executives registered as lobbyists in the numerous states where they engaged with state financial officers.
And it looks like Ramaswamy may be losing himself some campaign material following a cease-and-desist letter from Eminem.
NEWS
- ABC News: Banks feeling the heat on climate change
- The Atlantic: What Your Insurer Is Trying to Tell You About Climate Change
- Bloomberg Law: Gensler Lags Predecessors in SEC Rulemaking as ESG Plans Linger | Crypto ETF Drags ‘ESG’ Into Wildly Volatile World of Bitcoin
- Compliance Week: CFTC commissioner: Three ways to address climate-related financial risks
- ESG Clarity: Why investors are still finding it difficult to invest in a better world | Investor coalition urges ISSB to prioritise reporting on human and worker rights
- Financial News: Former BlackRock exec Tariq Fancy: Many ESG experts are ‘underqualified’
- Financial Times: FirstFT: Vanguard adds to ESG backlash
- Forbes: Wave Of ‘Anti-ESG’ Investing Legislation, New Study Found
- The Hill: FEMA announces $2.5B for enhanced resiliency against climate change-fueled extreme weather
- Impact Alpha: Resilience in Maui + wither anti-ESG – ImpactAlpha | Wall Street CEOs fiddle on climate as Maui burns
- Investment Week: Fund managers warn government over net zero target
- The Lever: How Dark Money Enabled Vivek Ramaswamy’s Cash Grab
- Nasdaq: Vitriol Not Stopping Asset Management ESG Embrace | Climate Change is Quickly Making Home Insurance a Luxury Item
- Politico: Eminem to Ramaswamy: Please don’t stand up | California is adding green jobs. That means more labor fights.
- Reuters: Blue skies, green air travel: ESG in the aviation industry
- Time: Behind Ramaswamy’s Climate Change Claim
- Visalia Times Delta
- The Wall Street Journal: Exxon Predicts World Will Miss Climate-Change Targets
- The Washington Post: As cost of climate disasters grows, some investors profit with catastrophe bonds
OPINION
- The Hill: Unchecked growth of ESG investing threatens Americans’ trust in free market
- The Wall Street Journal: Storm of Climate Coverage Approaches U.S.
OPPOSITION
SOCIAL
- James Lindsay shared a thread: The other night at an event in Georgia, I got asked where the “courageous CEOs” are, who would stand against Woke, esp. in the corporate world. It’s easy to lay a lot of the blame for CEO risk aversion at the feet of the ESG cartel, legitimately, but it’s only half the story.
- Shift Action for Pension Wealth and Planet Health shared a link: As Canada burns, our national pension fund is pouring our $$$ into #fossilfuels. In doing so, @cppinvestments undermines its own purpose: to provide Canadians with retirement security by achieving a maximum rate of return w/o undue risk of loss. #cdnpoli
DATES
- September 17-24: Climate Group Climate Week NYC. View list of events here.
- September 19: Sustainable Investment Forum North America. Register here.
- September 20: UN Climate Ambition Summit.