Source: The Patriot Light | AWK Network | VIEW ORIGINAL POST ==>
Authored by Mark Oaks via RealClearPolicy,
For years, unelected regulators and global financial firms have colluded and used other people’s money to force businesses to address climate change and social issues. Under the guise of Environmental, Social, and Governance (ESG), proponents diverted capital away from the energy sector, prioritizing political activism over prudent financial stewardship. The resulting misallocation of capital is most acutely felt in Europe, where energy prices are four times higher than in the U.S.
Sadly, the EU continues to push ESG through regulation with the Corporate Sustainability Reporting Directives (CSRD). The CSRD imposes sweeping ESG mandates on companies with operations in the EU, even if they are headquartered in the U.S. “CSRD is the EU’s new regulation requiring companies to disclose their environmental and social impact…and hold businesses accountable for their sustainability efforts.”
That is why I, along with 25 of my fellow state financial officers, sent a letter to President Trump asking him to direct the United States Trade Representative to open an investigation under Section 301 of the Trade Act of 1974 into the European…
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