Depending on your appetite for cynicism, greenwashing is either the mortal enemy or the duplicitous ally of the environmental, social, and corporate governance (ESG) movement. ESG was created by activists…
In May 2021, with BlackRock's support Engine No. 1, a tiny hedge fund few had then heard of, won three seats on the 12-member board of Exxon. These new board…
In July 2022, BlackRock reported "a sharp drop in its support for environmental and social-related shareholder resolutions." Context is important. That same month BlackRock announced that it had lost $1.7…
The membership network of the Ellen MacArthur Foundation (EMF) includes more than 200 corporations, governments, funders, and other familiar entities. EMF claims to be dedicated to conservation and protecting the…
The U.S. Securities and Exchange Commission has proposed a rule that would require public companies to regularly disclose certain climate-related information, including their greenhouse gas emissions. The rule is controversial,…
Driving quickly to “zero carbon” requires the energy equivalent of a Corvette. The RE100 folks want to get there with a Trabant, an option so unreliable it is unlikely to…
We’ve discussed “woke capital” on the podcast before with author Stephen Soukup and businessman Vivek Ramaswamy. But now we turn to a related topic: Environmental, Social, and Governance — “ESG”…
Recent indications suggest that support for environmental, social, and governance (ESG) activism—sometimes called “woke capitalism”—may be wavering within corporate America. Even BlackRock appears to be backing off its support for…
Last year, we had author Stephen Soukup on the podcast to discuss his book The Dictatorship of Woke Capital: How Political Correctness Captured Big Business. In recent months, “woke capital”…
Most Americans have heard the term “woke,” and many have heard it attached to businesses. But what American consumers may not know is that there’s a man behind the “woke…