151. The ESG scam with Vivek Ramaswamy
The Bitcoin Standard Podcast
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ESG Linked Fund Managers Are Divesting Oil and Gas Companies
I think it's a great example because really what it shows is that, you know, the path to success is just virtuous signaling and lobbying and paying the right politicians. And that completely overwhelms almost the things that you do. Exxon is out there making the lights go on and millions of homes around the world allowing billions of people to stay warm and they get marked down for that. Meanwhile, while Exxon is by the way being pressured by activist investors like Engine Number One to change its own business model anyway. So Chevron in 2021 was effectively forced to adopt scope three emissions reduction plans even though their board didn't want to do it. They were overridden by BlackRock State Street and Vanguard State
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