ESG’s are not from China, nor do they want to depolutate the world.

It’s a crazy conspiracy. Chinese investments in wealth managment firm blackrock. Have made some to believe a Chinese conpspiracy is happening under our financial noses.

People are saying that Blackrocks belief that esg’s are something they account for as such has been interpreted by some. To be China making us weak (in the knees).

https://en.wikipedia.org/wiki/Environmental,_social,_and_governance

For those who don’t know Blackrock is an investment fund mostly managing pensions. As such their portfolio is really big.

see these video’s

https://www.youtube.com/watch?v=XiCQj6KU1H0

https://www.youtube.com/watch?v=ZxZO0jd8VoU

I dont know where to start. But too my eyes the conspiracy here is that firefighters, teachers and so on and on and on have pension.

This is personal matter to me since I was banking on ESG accounting careerwise. Specifically hoping they would spure on solar developments in Africa. Since externalitie taxes could be used for climate investment.

Kivu solar is still in hybernation until the macro climate changes away from crazy in the west.

Done correctly ESG accounting is in our benefit.

Costs discounted away to the future are often not captured. With a fiscal system we could fix such fundamental flaws and externalities.

What are externalities and why should i care? Imagine a factory up a river. The factory sells ornamental facades for exterior design. And uses the river for waste water.

You live downstream.

In a perfect world the factories economic decisions depend on more than the supply and demand of gypsum ornamental facades.

China made me say this Nihao.

But more seriously the culture war people need to check their maslow’s. Is being anti establisment more than important than fucking river.