Opinion from a Libertarian ViewPoint

Posts Tagged ‘Environmental’

Environmental and Political Elites Are Destroying Food Production for “Climate” Goals

Posted by M. C. on October 6, 2022

Two major future consequences of the EU agri-environmental strategies already are evident. Consumers all over the world will bear the costs of higher food prices, affecting the economic efficiency of the whole supply chain. New environmental norms imposed by agri-environmental policies on production and consumption, mainly practiced in the West, will prevent poor countries from participating in markets because they will be unable to meet these standards.

Jovana Diković

In the Carnegie Museum of Natural History in Pittsburgh, a special thematic part was dedicated to anticipating the future on earth in the winter of 2022. The visitors had the opportunity to vote for the topic they find important and want to learn more about.

The three knowledge offered choices were 1) how development of energy potential may influence climate change; 2) how improving the condition of the environment, forests, parks, and waters may reduce CO2; 3) how improving the conditions of agriculture, land, and farmers may contribute to food security and affordable food. The visitors voted by throwing a bottle cork in one of the three knowledge cylinders, and the option that won the most votes would be promoted in the museum through popular science content.

Out of eighteen visitors, only four decided to vote for the third cylinder on agriculture, and these were children and women. The rest of votes were shared almost equally between the cylinders for energy and the environment.

The ad hoc experiment I conducted revealed several important issues. How is it possible that the priority question of food security and sustainable agriculture attracted such weak attention? Developing energy and environmental potential for CO2 reduction, although of high relevance, cannot feed the world. But it attracts ecological concerns and mobilizes solidarity sentiments more than hunger in Africa, Asia, and Latin America, where a significant part of the populations has only one or half a meal per day.

Making food affordable and accessible to them and dying children in Yemen and Ethiopia (where the war has been going on since 2020) obviously does not engage sentiments as strongly as information that the Earth is 1.5 degrees Celsius warmer than one hundred years ago; that glaciers are melting in an enormous vastness of ice; or that polar bears are withdrawing toward the inner continent. Because of the polar bears and glaciers, international meetings of the highest importance regularly convene in Davos; the compulsory climate agreement in Paris was signed; and Greta Thunberg shouted at the United Nations General Assembly, urging radical changes in CO2 emissions.

Environmentalists share one chronic feature: they are preoccupied with the “imagined state of environmental purity and harmony” on a universal level. They associate resolving environmental problems with a larger transformative endeavor. The reduction of carbon emissions is inseparable from a series of seemingly unrelated political projects: ending capitalism and existing power structures, and completely restructuring transportation systems and industries.

It is thus not surprising that concrete places such as Yemen and Ethiopia and their particularistic problems of hunger inspire fewer public statements, and only sporadically evoke expression of concerns at the international conferences. Even in the Carnegie Museum, the knowledge cylinder that suggested improvement of food security attracted only a few curious minds.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

‘ESG,’ the Threat to Liberty You Haven’t Heard Of

Posted by M. C. on June 20, 2022

When Coca-Cola, Gillette, Disney, BP, and other multinational corporations act counter to good business practices to advance a political agenda antithetical to the beliefs of most of their consumer base it is an effort to improve the new value-based credit score known as ESG.

by Tommy Salmons

In March of 2020 COVID-19 spread to the shores of the United States, introducing a medical threat that had all the signs of devastating families from sea to shining sea. But in the shadows, slipping in under the veil of a potentially deadly pandemic, another threat loomed. This threat, known as ESG, was not airborne or viral in the traditional sense. This threat was birthed in the imaginations of banks, corporations, and governments, and much like COVID, this threat is going to alter the life of millions of people worldwide.

ESG is an acronym that stands for Environmental, Social (Justice), and (Corporate) Governance. The goal of ESG, as World Economic Forum founder Klaus Schwab stated in Shaping the Future of the Fourth Industrial Revolution, is to utilize investors to move corporations into a more socially progressive direction; moving technologies and businesses away from the current models of doing business to a new stakeholder method of business.

“Entrepreneurs and Investors are the vanguard when it comes to marrying a values-based approach to technological development…It makes sense that thinking about broader social impact at this stage would have significant cascading effects. Investors, on the other hand, have the carrot with which to direct the development of technologies…The values of entrepreneurs and organizational leaders have a tremendous influence on the workplace and how technologies are developed. Leading from the front can transform company culture and prioritize societal values.”

When Coca-Cola, Gillette, Disney, BP, and other multinational corporations act counter to good business practices to advance a political agenda antithetical to the beliefs of most of their consumer base it is an effort to improve the new value-based credit score known as ESG. As corporations respond to investors and the credit score used to determine societal value, they push agendas intended to move the Overton Window and cultural acceptance towards a more progressive agenda.

Proponents of ESG metrics utilize the famous libertarian mantra of private companies being able to do whatever they feel is best for their company and fiduciary responsibilities, but there’s nothing private about ESG. In March of 2020 the SEC announced they would be forming an ESG Taskforce. The initiative has expanded to requiring publicly traded firms to make detailed disclosures on climate change and greenhouse gas emissions. As with all regulations ESG is being sold as serving the greater good at the cost of business, costing the consumer more money.

Proponents of ESG make a litany of arguments to justify their regulatory dreams:

  1. “ESG is crucial because it offers a focused framework through which governments, businesses, and citizens can work consistently toward solving serious global challenges.”
  2. “ESG, at its core, is a means by which companies can be evaluated with respect to a broad range of socially desirable ends.”
  3. “ESG criteria can help investors avoid investment losses when companies engaged in risky or unethical practices are held accountable.”

But they will never address in any detail how ESG metrics will be utilized to make these changes to society. And if ESG is just a tool to help investors make decisions why is the SEC mandating ESG data disclosures? And who is considered an investor?

Chart published by the Ethics and Compliance Initiative

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »