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Anonymous ID: aa99c4 Feb. 25, 2021, 8:05 p.m. No.13050170   🗄️.is 🔗kun   >>0203 >>0216

https://medium.com/the-esg-advisor/dol-finalizes-rushed-anti-esg-rule-bfa578a8aecb

 

DOL finalizes rushed anti-ESG rule

10/30/20

 

What happens next?

Election Day is Tuesday.

If Trump wins, then the only recourse would be for the rule to be challenged in court as arbitrary and capricious. Potential issues include inadequate impact analysis and the failure to consider evidence and research even after it was presented in public comments, which were overwhelmingly opposed.

If Biden wins, I think the rule will be reversed but that will take some time. A new Assistant Secretary heading up the Employee Benefits Security Administration needs to be confirmed, a new proposed rule written, a public comment period has to last at least 30 days, and then a final rule written that takes public comment into consideration.

If Biden wins and Democrats control the Senate, there is the possibility of legislation reversing the rule and addressing other ESG-related policies, such as corporate ESG disclosures.

Anonymous ID: aa99c4 Feb. 25, 2021, 8:13 p.m. No.13050203   🗄️.is 🔗kun

>>13050170

>DOL finalizes rushed anti-ESG rule

 

https://thestonkmarket.com/wall-street-hero-starts-anti-esg-fund-investing-in-companies-that-are-bad-for-the-environment/

 

A local Wall Street Hero announced today that he is planning to launch a fund that is “Anti-ESG”. ESG stands for Environmental, Social and Governance. The Wall Street Hero is essentially only going to invest in companies that are “bad” for the environment, have horrible social standings and have horrendous corporate governance practices.

 

Parody site?

Anonymous ID: aa99c4 Feb. 25, 2021, 8:17 p.m. No.13050216   🗄️.is 🔗kun

>>13050170

>DOL finalizes rushed anti-ESG rule

 

https://www.venturecompany.com/blog/2019/05/anti-esg/

 

I am anti ESG, and you should too if you genuinely care about the Environment, Social Issues, and effective Governance.

 

ESG is the ultimate in manufactured consent, an investment allocation thesis of evolutionary deceit worse than no plan at all. For ESG creates mere false-positives, and the no-plan option has at least the opportunistic propensity to produce many false-negatives.

 

Take Care

I agree wholeheartedly we must stop trashing our planet and finally begin to respect it. For an asset manager deploying asset allocation strategies of long (10, 25, 50 years+), that means acquiring the knowledge of how evolution applies to asset management is paramount, the reason why I began teaching masterclasses on the subject. Do not fret: my bite in real life is more gentle than my bark in the blogosphere. Every day is a bright new day to change course.

 

An ESG index conjured up by financiers, modulated by peer-review, in complete ignorance to, and incompatible with evolutionary principles is not what directs funds to where humanity needs them most. For that reason, ESG is evolutionary poison and belongs in the dustbin of history.

 

The commitment of the human species attempting to create a better world and to live as long and healthy as possible must begin by realizing we are merely at the mercy of nature’s rule.

 

All of us, not just asset managers, must begin to comprehend and adhere to nature’s principles and processes, I have described before, that continually expand the fractal of human ingenuity to improve the excellence of human adaptability.