ESG Index the “Devil Incarnate”

Channing a true clown world, Tesla has been removed from the sustainability index, known as the S&P 500 ESG index. The carmaker of electric vehicles, which have been touted as the savior of civilization forever by multiple administrations, has suddenly been called into question for its environmental impact. In February of this year, it had settled with the Environmental Protection Agency about a violation of the Clean Air Act.

Additionally, the ESG said that Tesla lacked a low carbon strategy and didn’t agree with its business conduct claiming that it was racist and had poor working conditions in California. Anyone in Arkansas would like to invite Elon Musk to start a factory here, we promised not to accuse the African American man of racism and poor working conditions if he will pay us as much as he was paying those people in California. Thank you very much I speak for almost everybody in Arkansas.

They additionally cited the fact that Tesla was being investigated by the National Highway Transportation Safety Administration. This is in relation to a few self-driving cars ending up in accidents. It is only coincidental, I’m absolutely certain, wink wink that this comes after Elon Musk has decided to possibly buy Twitter. The timing isn’t suspicious at all.

Meanwhile, Exxon Mobil, the gas giant that makes oil come out of the ground, which according to social justice warriors is the end of civilization as we know it, will remain on the S&P 500 ESG index. That’s right, Exxon Mobil, the company which spilled oil all over the Alaska coastline in the 1980s, started this whole save the planet mantra back then, is considered environmentally more sound than an electric car maker. They need to stick with a consistent storyline if anyone’s ever going to believe their story.

To his credit Musk did not take the news lying down and had some choice words to say about the index. He tweeted that he was convinced that the corporate ESG is the devil Incarnate. We all feel that way Musk, we all do.

He also went on to call the ESG a scam that had been weaponized by fake social justice warriors.

We on the right have been saying for a while that all these other metrics besides how much a company makes are smoke and mirrors. The point of a company is to make money and anything else really doesn’t matter in the end unless their product is fake, deadly, or useless. The market typically determines all of these things although we do have some regulations. Some could say too much regulation on certain things.

Whatever the case may be, it’s an interesting turn of events that Tesla, the maker of electric vehicles which has been touted since the George W Bush presidency as the way to the future has been removed from the sustainability benchmark but Exxon’s much-maligned and ever hated by environmentalists continues to remain on the same benchmark. It calls into question the entire integrity of the ESG index as a whole.

 

 

This story syndicated with permission from My Patriot Post

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