Two writers on the Harvard Business Review blog claim that ESG (that is, adding environmental, social, and governance criteria to investment decisions) is not bad when you stick to the straight and narrow: identifying material risks from non-financial criteria. “To us, ESG is simply about identifying material risk factors that matter to company profitability and…
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The Secret of Environmental Protection
Yes, data from the Yale Center for Environmental Law & Policy and the Fraser Institute’s Economic Freedom of the World Index send a resounding message: Economic freedom brings about environmental protection. Why? Because economic freedom leads to prosperity and only prosperous countries can truly protect their environment. Are you skeptical? As the graph above shows,…
Is Joe Biden Wearing “The Emperor’s New Clothes”?
William Happer, emeritus physicist at Princeton, had a little fun with Joe Biden’s messaging at the president’s recent trip to the climate conference (COP27) at Sharm el-Sheikh, Egypt. Biden announced a new regulation on methane emissions. “Before leaving for a week of virtue-signaling at the COP27 climate conference with other world elites, President Joe Biden…
Despite a Warning from the Supreme Court, SEC Proceeds with Its Over-Arching Climate Rule
Rupert Darwall, writing in The Hill, warns that the SEC’s rule on climate change disclosures, still in the proposal stage, is a wolf in sheep’s clothing. The rule would require companies to disclose any material impacts of climate change or climate-change regulation on their business. In addition, it would require companies to disclose all their…
Why People Aren’t Using Their Dishwashers Much Anymore
The simple answer, says Christian Britschgi at Reason, is dishwashers take too long to wash dishes—nearly two-and-a-half hours, reported one survey in 2018. And that’s due to federal energy standards that President Trump tried to relax. The Biden administration went back to the previous rules. Says Britschgi, those regulations “limit the amount of water and…
Are Conservatives and Libertarians Ignoring the Dangers of ESG Investing?
The downside of ESG (environmental, social, and governance) criteria is not getting the attention it deserves from conservatives and libertarians, says David Hoyt in American Thinker. “What the radical Left could not achieve by force with the typical levers of government power, it is now poised to accomplish with nominally public-private enterprise partnerships. This new…