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Forbes Piece: Rising Social Unrest Over Energy, Food Shortages Threatens Global Stability
Posted on 7/11/22 at 7:31 am
Posted on 7/11/22 at 7:31 am
quote:
The nation of Sri Lanka has an almost perfect ESG rating of 98.1 on a scale of 100, according to WorldEconomics.com. But the government which had forced the nation to achieve that virtue-signaling target in recent years collapsed over the weekend because it led the country into self-declared bankruptcy, leaving it unable to purchase adequate supplies of fuel and feed its population. Thousands of angry Sri Lankans stormed the presidential residence on Saturday, forcing President Gotabaya Rajapaksa to step down and reportedly flee the country.
quote:
Somewhat ironically, an analysis of the full ESG rankings linked above shows that many of the nations with the highest scores are developing nations with the highest degrees of famine risk. Haiti, as an example, has an ESG score of 99, while the well-fed United States stands far down the list at just over 58.
LINK
Long piece, tried my best to narrow down this post to the high points.
One thing I must ask is how do Hati and Shi Lanka have 98 & 99 ratings in ESG when there are reports all over the place of government corruption and human rights violations?
I know the United States isn't perfect in that area either, but the US at a 58 while they're almost "perfect"? Something ain't adding up.
And the author is correct. You can't feed your family and keep your home warm with ESG ratings.
This post was edited on 7/11/22 at 8:10 am
24
Posted on 7/11/22 at 7:33 am to ragincajun03
quote:
One thing I must ask is how do Hati and Shi Lanka have 98 & 99 ratings in ESG when there are reports all over the place of government corruption and human rights violations?
I know the United States isn't perfect in that area either, but the US at a 58 while they're almost "perfect"? Something ain't adding up.
Because it's not meant to make sense. It's meant to be used as a tool to destroy. The lack of logic is a feature, not a bug.
Posted on 7/11/22 at 7:35 am to ragincajun03
ESG scores are nothing more than a measure of how well a company (or country in this case) goes along with the Marxism being pushed around the world.
Posted on 7/11/22 at 7:35 am to ragincajun03
Everything woke goes to shite.
Posted on 7/11/22 at 7:36 am to ragincajun03
quote:
One thing I must ask is how do Hati and Shi Lanka have 98 & 99 ratings in ESG when there are reports all over the place of government corruption and human rights violations?
Because America and white people bad
Posted on 7/11/22 at 7:38 am to ragincajun03
quote:
Forbes Piece: Rising Social Unrest Over Energy, Food Shortages Threatens Global Stability
quote:
Global
And that’s the fricking problem. With America First this shite is not an issue.
It’s the airline model - in case the oxygen masks are needed help yourself first so you can help those around you.
Marxist’s want us all to swim in shite. frick those bastards.
Posted on 7/11/22 at 7:48 am to VADawg
quote:
ESG scores are nothing more than a measure of how well a company (or country in this case) goes along with the Marxism being pushed around the world.
Its a social credit score, which is communist.
Posted on 7/11/22 at 7:52 am to ragincajun03
quote:
Haiti, as an example, has an ESG score of 99, while the well-fed United States stands far down the list at just over 58.
If there is one sentence that shows how big of a crock of shite ESG is, this right here is it.
Posted on 7/11/22 at 7:56 am to ragincajun03
Who is this worldeconomics.com that Forbes is sourcing their information from? Forbes has been shite for 20 years now and no one that does any real research would point to Forbes for good info
This post was edited on 7/11/22 at 7:57 am
Posted on 7/11/22 at 7:57 am to ragincajun03
Food shortages caused by Covidians and social engineers.
Progressivism always leads to starvation. Every single time.
Progressivism always leads to starvation. Every single time.
Posted on 7/11/22 at 7:58 am to ragincajun03
quote:
That is accurate, but let’s be clear on this point: The current biggest producer of oil on the planet is not Saudi Arabia, but the United States of America. This has been the case for several years now, yet we never hear anyone in this administration making any similar statements about how crucial the U.S. industry is to the maintenance of global oil supplies and the international stability plentiful oil supplies create and sustain.
The level of international stability has begun to crumble over the past year in large part due to the emergence of a chronically under-supplied international crude market. That is partly due to several factors, including impacts of the COVID pandemic, Russia’s war on Ukraine, the diminishing capacity levels within the OPEC+ cartel and the growing energy crisis in Europe that began to germinate last summer. But another key reason why that is happening is due to the fact that, despite its ranking as the #1 supplier in the world, the U.S. industry is still about 1 million barrels of oil per day short of the highs achieved during 2018 and 2019. That is in large part thanks to the continuing efforts by the Biden administration to suppress the U.S. domestic industry, and by the efforts of the ESG investor community to deny it access to capital
God damn! Forbes going hard in the paint
This post was edited on 7/11/22 at 8:00 am
Posted on 7/11/22 at 7:58 am to ragincajun03
quote:
One thing I must ask is how do Hati and Shi Lanka have 98 & 99 ratings in ESG when there are reports all over the place of government corruption and human rights violations?
Because the ESG ratings were sold to people on the basis of governance and human rights but the reality is it’s just a way to rate how green a company or nation is.
Musk said ESG is evil incarnate and he is right. I don’t even know why people pay attention to ESG scores. I get there are some liberal hedge funds using it for investment, but why govt cares what the country score is I have no idea. ESG needs to go away
Posted on 7/11/22 at 8:00 am to ragincajun03
quote:
“If our society descends into very, very strong conflict and strife because there is no energy, we’re certainly not going to make our [climate] goals,”
gotta make sure to couch it in the right language. If we are all dead or in the midst of civil war, we won't meet our climate goals! 
Posted on 7/11/22 at 8:01 am to ragincajun03
Odd how no one ever talks about China or India's ESG scores.....
Posted on 7/11/22 at 8:02 am to ragincajun03
quote:
One cause of the collapse of the Sri Lankan government was its decision to force farmers to switch from chemical fertilizers (which use natural gas as a key feedstock) to organic fertilizers in April 2021, a mandate that predictably and dramatically reduced crop yields. By the time the Sri Lankan government realized the disaster it had created and attempted to reverse course in November 2021, it was too late.
Posted on 7/11/22 at 8:02 am to Oilfieldbiology
quote:
God damn! Forbes going hard in the paint
It's more the op-ed writer, David Blackmon, going "hard" than Forbes as a while.
He's a contributor to several energy publications and has a blog called "Energy Transitions", and is pretty outspoken about politicians barreling full speed ahead recklessly into a utopia idea of transitioning away from fossil fuels way too soon than economically and physically possible.
Posted on 7/11/22 at 8:03 am to Tigerlaff
quote:
gotta make sure to couch it in the right language. If we are all dead or in the midst of civil war, we won't meet our climate goals!
It is rather insane, isn't it? These climate change people have lost all sense of reason and they routinely display disregard for human life if it gets in the way of their grand goal to "save the planet".
Posted on 7/11/22 at 8:03 am to deltaland
ESG has been around for decades. Like people not investing in tobacco stocks or defense companies because of their beliefs... Or like investing in Lowe's because they support veterans. It is the E part of the investing that is new. Scores are a bullshite way for someone to attract more capital. It is nothing more than fodder to those that eat up fodder.
Posted on 7/11/22 at 8:04 am to Centinel
quote:
Odd how no one ever talks about China or India's ESG scores.....
China is probably funding the ESG bullshite and India could not give any less of a shite about it.
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