ESG is a cover for funneling money to friends. Recall bond rating companies during housing meltdown? It’s just another fraudulent means of money transfer on the backs of the common man.
ESG is a cover for funneling money to friends. Recall bond rating companies during housing meltdown? It’s just another fraudulent means of money transfer on the backs of the common man.
And they punish companies like oil and gas by NOT investing a nickel in them. Investors are really losing out on that one because these companies are the true engines of our economies and are needed now and well into the future. So-called ‘renewables’ are another grift and Blackrock, State, Rockefeller, Gates, WEF are all heavily invested in them as are our idiot governments. The billions invested in solar and wind by our governments is OUR money...taxpayer money. Subsidies are a grift.
It is not a subsidy, oil companies are able to write off intangible drilling losses ie: drilling a dry hole, which has a huge cost, against other income. Saying oil companies get government subsidies is like saying homeowners get government subsidies because they can write off their mortgage interest expense. I am sure farms have huge losses ie: crop failure due to drought that they can also write off, but that is not a subsidy. What IS a subsidy is the taxpayer money handed over from government to solar and wind companies in the name of ‘green new deal’. I don’t believe in the climate scam so you can imagine how ticked off I am that my money goes to pay China to produce a product that can’t even be recycled to buy someone some solar panels for their home, or get $7000 towards an EV.
Government subsidies come in many different forms, and yes, that includes those to the oil and agriculture industries to this day. Just check out how much your favorite company gets using this tool: https://subsidytracker.goodjobsfirst.org/
Crony capitalism at its worst. ESG commissars can make $500K+ by flying around to conferences to pat each other on the back. Let's end their grifter parties.
ESG is a cover for funneling money to friends. Recall bond rating companies during housing meltdown? It’s just another fraudulent means of money transfer on the backs of the common man.
And they punish companies like oil and gas by NOT investing a nickel in them. Investors are really losing out on that one because these companies are the true engines of our economies and are needed now and well into the future. So-called ‘renewables’ are another grift and Blackrock, State, Rockefeller, Gates, WEF are all heavily invested in them as are our idiot governments. The billions invested in solar and wind by our governments is OUR money...taxpayer money. Subsidies are a grift.
I agree subsidies are a grift. However, you do realize BigOil and BigAgriculture also receive large government subsidies, yes?
There’s nothing in what I wrote that says otherwise.
It is not a subsidy, oil companies are able to write off intangible drilling losses ie: drilling a dry hole, which has a huge cost, against other income. Saying oil companies get government subsidies is like saying homeowners get government subsidies because they can write off their mortgage interest expense. I am sure farms have huge losses ie: crop failure due to drought that they can also write off, but that is not a subsidy. What IS a subsidy is the taxpayer money handed over from government to solar and wind companies in the name of ‘green new deal’. I don’t believe in the climate scam so you can imagine how ticked off I am that my money goes to pay China to produce a product that can’t even be recycled to buy someone some solar panels for their home, or get $7000 towards an EV.
Government subsidies come in many different forms, and yes, that includes those to the oil and agriculture industries to this day. Just check out how much your favorite company gets using this tool: https://subsidytracker.goodjobsfirst.org/
And here's one specifically for farm subsidies: https://farm.ewg.org/
We subsidize farmers to plant or not plant. It is a method of controlling supply and demand and thus markets.
Crony capitalism at its worst. ESG commissars can make $500K+ by flying around to conferences to pat each other on the back. Let's end their grifter parties.