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The emergence of global “Environmental and Social Governance” (ESG) is essentially a commercial tendency masquerading as environmental stewardship, something Americans should be concerned about, Heritage Foundation President Dr. Kevin Roberts In a recent interview with Fox News Digital.
In mercantilism, which was prominent during the colonial era, states sought to develop the state by regulating certain economic sectors, as a means of competition in the hierarchy based on world trade, marked by Britain’s control over American cotton and tobacco exports. .
Roberts was martyred The collapse of the last government in Sri LankaWhich had imposed a ban on chemical fertilizers, which are considered unfriendly to the environment. The ban, among other factors, led to significant yields and eventual shortages and unrest, which prompted Chief Minister Mahinda Rajapaksa to resign and vacate his palace in Colombo earlier this year.
“There is a 100% correlation” between the pursuit of ESG goals and instability, said Roberts. “I actually think it’s a version of mercantilism that takes place in the 21st century under the guise of environmental stewardship.”
He continued, “I hate that the people of Sri Lanka and the Netherlands have to contend with the turmoil and financial concerns they are facing. I would not wish that on anyone,” adding that he and others sounded the alarm. Environmental, social and institutional governance leads to such impacts.
He told Fox News Digital that the European Union and other governments in the developed world, either directly or indirectly, are persuading countries like Sri Lanka to adopt ESG in hopes of garnering attention and, most importantly, financial support.
“[Government officials] From Europe in particular it is very clear that the incentives… the European Union [and] The major European governments that developing countries like Sri Lanka are talking about are all geared towards those countries that fully implement the ESG agenda,” said Roberts.
“So if you’re the leader of a place like Sri Lanka, all you hear from the developed world that you’re going to get a lot of capital from is ‘You better do this, better implement these ESG policies,'” he said.
Sri Lanka and the Netherlands boast an ESG score in the 1990s, while the United States lags behind on this scale.
In the Netherlands, farmers have been protesting their government over similar pro-environmental, social and institutional policies such as reductions in nitrogen emissions that they say threaten crop yields and thus their well-being. The Netherlands is the second largest exporter of foodstuffs besides the United States.
This situation became more serious earlier this month when Angry farmers on the tractor They were shot by Dutch law enforcement authorities.
Roberts told Fox News Digital that the Heritage Foundation has conducted research into the relationship between Dutch and Sri Lankan environmental policies and the turmoil that has emerged in both countries — and provided words of caution to the United States as President Biden and Democrats demonstrated their preference for “green.” New Deal platform.
Dutch politicians “Buy this in bulk [ESG] Concept “to survive in the good graces of the Brussels government in the European Union,” he said.
“[T]The Dutch actually have to pay for this now. Especially Dutch farmers raising the flag… These are very telling examples of what the American future will look like in just years, not decades, if we continue down this path of implementing the Green New Deal. “
Roberts said he first learned of the ESG concept through the Obama-era Clean Energy Plan, which sought to combat global warming with emissions-reduction requirements that states must submit plans on how to achieve those goals.
While President Donald Trump effectively helped bring the scheme to a close in 2019, Roberts said that some financial firms themselves are seeking to establish ESG practices by focusing on green investments.
just last week, Biden announced It will implement a number of operational actions focused on combating climate change. The administration has moved away from using the Green New Deal as a term for its aggressive green agenda.
Referring to a recent interview with a state official fighting ESG governance, Roberts credited West Virginia treasurer Riley Moore for his stance against implementing such a platform.
“Environmental, Society and Governance (ESG) is already right before us,” he said, referring to public and private sector concerns. “What Heritage has been involved with is helping a few dozen government financial officials do what Riley Moore did — meaning that if you were a private investment firm and you were using ESG practices, you wouldn’t get the business of these public investments.”
“We need this kind of action at the federal level, both at the administrative level, to undo what Biden did. But we also need positive legislative action by that supposed conservative majority next year to put an end to all these threats about this federal government. The government requires ESG and publicly traded money.”
“I would like to Americans, like [Moore] They pointed out, who began to equate ESG with environmental stewardship, to know that they are not the same thing at all – and that we can be morally upright stewards of nature; What God has given us. And the realization that Environmental, Social and Corporate Governance (ESG) actually stands in the way of human prosperity.”