The year of Our Lord 2022 has been a good one for us here at The Pipeline, which has seen the launch of our weekly Substack column; the release of our first book, Against the Great Reset: Eighteen Theses Contra the New World Order; and the publication of a lot of excellent content from our wonderful group of contributors. As the year comes to its close, we thought we would spotlight some of our best work, chosen from our most clicked articles.
The Malign Genesis of ESG, Part I
Joan Sammon, 25 Aug, 2022
In the weeks since the S&P 500 announced Tesla’s removal from its ESG Index while inviting Exxon to join, but leaving Chevron out, the incongruous nature of the environmental, social and governance (ESG) construct has never been more obvious. It reveals what some might consider proof of the fraud that ESG represents. But what exactly is ESG? Where did it come from? Understanding its genesis and purpose of ESG will clarify what it actually is, not what many purport it to be.
Beginning in 2000, the World Economic Forum (WEF) embarked on an initiative that over two decades later can only be described as a Trojan-horse attack on free markets, private property, and democratic institutions. Founded in 1971 by German engineer and economist Klaus Schwab, the WEF describes its mission in part as, "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas." Agenda-shaping it seems can be transformational, for good or bad, and quite lucrative.
Well-funded and well-organized, what has grown from that initial effort over two decades ago, is a sophisticated network of NGOs, foundations, and nonprofit entities working to achieve unprecedented ideologically inspired political, social, and financial change inside America and throughout the world, using the ESG construct.
With the promise of profit, this network engaged key asset management and banking partners, including giants like BlackRock, Vanguard, and Bank of America. Together these activist profiteers, best described as the ESG/Industrial Complex, are engaged in an extraordinary effort to fundamentally undermine and replace free markets while circumventing democratic institutions of governance and lawmaking. Seeking to force companies into behavior based on political ideology—often in defiance of the best interest of their investors—the ESG Industrial Complex represents a nefarious source of boardroom bullying and attacks on industries with which they politically disagree but whose assets they seek to control.
Read the rest. And be sure to read the sequel here.