Daily Caller Piece: A Backlash is Building Against Net-Zero and ESG
DAVID BLACKMON
... View MoreDaily Caller Piece: A Backlash is Building Against Net-Zero and ESG
DAVID BLACKMON
The past week has been a very interesting one, to say the least, as the media has suddenly filled with story after story documenting a rising backlash against net-zero policies in the Western world.
From environmental, social and governance (ESG) to insurance alliances to recent elections in Europe, the tide seems to be turning against the destructive outcomes of policies pushing net-zero and “energy transition” goals. With recent elections in Europe having resulted in the institution of more conservative governments in Sweden, Greece and Italy, and public attitudes in other EU nations trending in that direction, a developing backlash is not at all surprising. (RELATED: DAVID BLACKMON: New White House Report Explores Blocking The Sun. What Could Go Wrong?)
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Austria’s National Energy and Climate Plan (NEKP) said Tuesday that its climate targets for 2030 will not be reached in time. The revised plan rolled out this week cuts the country’s greenhouse gas reduction goals from 48% below 2005 levels to a 35% reduction.
The UK Guardian reported Tuesday that Prime Minister Rishi Sunak’s government is developing plans to drop the country’s costly, £11.6 billion climate and nature funding plan due to its overwhelming cost. Government officials estimate that meeting the pledge would consume 83% of the Foreign Office’s official development assistance budget on the global international climate fund.
Earlier in the month, Poland’s climate minister, Anna Moskwa, promised to appeal the EU’s recently-adopted mandate to ban internal combustion engine automobiles by 2035 to the EU’s highest court. “We don’t agree with this and other documents from the Fit for 55 package and we’re bringing this to the European Court of Justice. I hope other countries will join,” Moskwa told Radio Zet on June 10. “We will file the motion in the coming days.”
On Wednesday, the United Nations-administered Net Zero Insurers Alliance (NZIA) announced it has dropped all requirements for members to set or publish greenhouse gas emission-reduction targets. The revision comes as 23 Republican state attorneys general in the United States threatened to file lawsuits over the group’s alleged violations of U.S. anti-trust laws. At least 18 of the 30 members of the alliance had rescinded their memberships in the group due to those allegations.
Ohio Republican Jim Jordan, chairman of the House Judiciary Committee, is leading an investigation over similar anti-trust allegations against so-called ESG investment houses which boast about collectively controlling trillions of dollars in investment capital. The Daily Caller reported it had obtained copies of letters the Committee sent to the CEOs of Blackrock, Vanguard, State Street and the Glasgow Financial Alliance for Net Zero (GFANZ), which is co-chaired by Michael Bloomberg. (Cont. at