George Soros, a liberal billionaire, is spending huge amounts of money on a climate plan that will control the world’s business through strict environmental and social governance standards.
Bloomberg News tried to take the heat off of Soros’s green extremism in an April 26 article headlined, “Soros Fund’s Climate Plan Shows Messiness of Financed Emissions.” But an MRC Business search into Soros Fund Management (SFM) revealed a “Climate Action Strategy” (CAS) and an ambitious plan to eliminate fossil fuel production through use of environmental, social and governance (ESG) standards. SFM’s March 22 CAS report claimed, “We strongly believe that global climate action will make most fossil fuel production unpopular and unprofitable over the long-term, while fundamentally reshaping the business models of companies and projects across a wide range of carbon-intensive sectors.” [Emphasis added].
Utah Treasurer Marlo Oaks (R-U.T.) outlined the dangers of major funds like SFM pushing ESG standards in an exclusive interview with MRC Business, edited for clarity: “These are obviously special interests that are not in the interest of any American. It doesn’t matter what party you belong to. If you are concerned about America, our government and free markets, [and] maybe you don’t believe in capitalism, but even then” this sort of ESG investing “will lead to the undermining of our national security” and “inflation.”
SFM also promised to end “all investments in new fossil fuel companies by no later than 2025,” accelerate the climate transition and reach net zero emissions by 2040. And those words carry some weight, considering that SFM controls a whopping $28 billion in funds mainly on behalf of the radical leftist group Open Society Foundations, according to Bloomberg News.
SFM may view itself as the leader of the effort to reform the economy using radical climate policies. “SFM can be a powerful force to help drive the transition to a low-carbon, climate-resilient global economy,” it lauded. Sounds like Soros is fulfilling his leftist goal to “bend the arc of history” in “the right direction” through exploiting ESGs.
The reasoning behind SFM’s radical climate plan was engineered around woke eco-extremist politics: “As prudent investors, we integrate environmental, social and governance (ESG) factors to capitalize on benefits and manage risk.” Political commentators like Blaze Media CEO Glenn Beck and business leaders like former McDonald’s CEO Edward Rensi, however, have railed against ESG ratings as tyrannical. Tesla CEO Elon Musk even called ESG standards “the Devil Incarnate” on Twitter.
SFM CAS reported that it made optimistic predictions regarding a green future. “SFM believes that the goal of achieving zero global emissions by mid-century is achievable. This is compatible with virtually all current fossil fuel production and consumption.” [emphasis added].
Conservatives under attack Contact ABC News (818) 460-7477, CBS News (212) 975-3247 and NBC News (212) 664-6192, and demand they report on George Soros’s SFM’s support for radical ESG standards to bully the corporate world into compliance.