ESG is the devil

8 min read by Luke
published 2 months ago

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By now you might’ve heard of something called ESG and you might have also heard why Bitcoin is not ‘’ESG friendly.’’

Elon Musk, the richest man in the world, and CEO of the most popular renewable energy company in the world, Tesla, recently ignited the debate surrounding ESG with this tweet.

Source: https://twitter.com/elonmusk/status/1596963130873065472?lang=en

What really is ESG?

We fear the rollout of a Chinese-like social credit system in the West, but what if I told you, it was already here, hiding within the ‘’evil’’ ESG trojan horse?

Source: https://imgflip.com/i/73qt4n

For those of you unaware with it, Investopedia describes ESG, or Environmental, Social, and Governance, as “a framework and set of standards for a company’s behaviour, that’s used by ‘socially conscious’ investors to screen potential investments” (source).

Put simply, ESG is like a social credit score for corporations, which could be a trojan horse for the mainstream rollout of CBDCs. The idea of ESG is to penalise people for investing in companies that are deemed ‘’bad’’ for the environment, society and governance. This entire movement stems from a false Malthusian ideology that’s built upon an outdated 17th century framework that claims humans are going to consume all of the world’s finite resources.

When put like that, ESG sounds like a reasonable enough idea. Don’t you think it’s a good thing corporations and companies are trying to protect the environment for future generations?

However, some of you might be surprised to learn that ESG is actually a wolf in sheep’s clothing, disguised to give the elite absolute control over the energy, food and money. The Central Banks already control the money. Now, NGOs, like the WEF & UN, are coming for the last two aspects – the food and the energy. Their goal:

To gain ABSOLUTE control over us, and the world. 

Who’s behind ESG?

Henry Kissinger played an important role in the origins of this devious ESG movement. Henry Kissinger hand trained Klaus Schwab, in the 1960s, during Schwab’s competition [AT1] of his economics degree. Klaus then suspiciously found everyone’s favourite NGO, the World Economic Forum (WEF), in 1971. Since their inception, the WEF has held an annual meeting in DAVOS Switzerland, where they invite the world’s richest and most influential people to discuss issues that they believe are collectively affecting the world. More importantly, a focal point is how they can influence them. In their second annual meeting in 1973, they discussed why our civilizations energy usage needs to be curbed to ‘’save the environment.’’

Source: https://www.weforum.org/agenda/2019/12/world-economic-forum-davos-at-50-history-a-timeline-of-highlights/

It’s for the environment…

Since the 1970s, our Malthusian minded global leaders have successfully managed to curtail our civilizations’ energy usage for the first time in 300 years. The more energy a civilization uses, the more it flourishes[JH2] , and the significance of us reverting from our parabolic trend on the Henry Adams curve cannot be understated. If our civilization wants to advance from a type 0 to a type 1 civilization on the Kardeshev Scale, we must harness and utilize more energy. Our civilizations’ stagnation in energy usage since the 1970s goes a long way to explain why we’re experiencing what Peter Cowen calls ‘’The Great Stagnation,’’ of our physical world.

Source: Where Is My Flying Car

Our exponential energy use between the mid-18th century to the 1970s was what brought us railways, steam engines, electricity, oil, automobiles, the internet, the smart phone, and the personal computer. Without which, you wouldn’t be reading these words.

Source: https://www.google.com/url?sa=i&url=https%3A%2F%2Ftadviser.com%2Findex.php%2FArticle%3ATechnological_innovation&psig=AOvVaw0igOOzav6A0sSueQp2_jf_&ust=1670692919742000&source=images&cd=vfe&ved=0CBEQjhxqFwoTCNiFjaGG7fsCFQAAAAAdAAAAABAE

However, that innovation in our physical world has stalled. For example, airplanes are no faster, or significantly larger than they were in the 1970s.

Source: Where Is My Flying Car

All of the innovation in the past 50 years has been limited to the world of bytes – not atoms. It was the unlocking of fossil fuels, and increased energy usage that drove this unprecedented 300-year period of growth, that took us from living in farms to mega cities.

For 10,000 years our civilization stagnated, as we toiled the farms with our neolithic tools, in agrarian based societies. It was our ability to harness and utilize more energy, that propelled us out of agrarian societies, and into industrial societies, where the everyday man now has access to the incredible aforementioned inventions at scale.

Pivoting back to the issue at hand, we can see that 50 years after our stagnation began, the WEF is still leading the 21st century witch hunt against energy usage, this time demonizing Bitcoin and its energy use.

Source: https://www.weforum.org/agenda/2022/05/can-cryptocurrencies-become-environmentally-friendly/

Why would anyone trust the WEF?

I’m not sure why anyone would look to the WEF as any sort of authority on the topic of energy and Bitcoin, as they’ve been so terribly misguided, and wrong in the past. The prediction they made in 2017 has spectacularly missed the mark, as Bitcoin currently only uses 0.15%  of the world’s energy, while only contributing 0.10% of the world’s emissions. [JH3]

The elites pushing this ESG narrative will attempt to obfuscate you from the fact that the energy crisis we’re living through today is a direct result of trying to go ESG, and use LESS energy!

Despite its utopian promises, ESG ALWAYS ends in DISASTER! For example, Sri Lanka has been the ESG poster child for years, boasting a near PERFECT ESG score of 98.1/100.

Their PM even published an article on the WEFs website in 2018 announcing how he would make his ‘’country rich by 2025,’’ through embracing ESG policies and frameworks laid out by the WEF.

Source: https://europeansting.com/2018/08/30/sri-lanka-pm-this-is-how-i-will-make-my-country-rich-by-2025/

There’s no proof it works, nil.

Only a handful of years later and Sri Lanka is suffering its worst financial and humanitarian crisis in its history, after attempting to go green. Food prices have risen by over 100%, people are starving, and the country is also suffering from energy shortages. The prime minister had to resign and flee the country due to the civil unrest.

Using central planning to mandate the destruction of the food and energy supply, is NOT how you deal with an energy crisis. Just look at Sri Lanka and Europe, who have both attacked their agricultural industries  in the name of becoming ‘’more green.’’

As a result of these destructive ESG initiatives, global hunger rose to as many as 828 million people in 2021, according to the UN[JH4] . 1 in 8 people around the world are now starving, yet our central planners want to continue shutting down our food production for this ”ESG” movement.

There is a MUCH simpler solution for this climate crisis that we’ll propose shortly….

Thankfully……the ESG movement now appears to be failing, as investors race to get their money out of these ESG investment funds!

Texas recently enacted a bill that prohibits the state from doing business with financial institutions that the state deems are boycotting energy companies. Texas named and shamed 10 financial companies and 350 investment funds who are now BANNED from doing any business with Texas.

Source: https://www.dallasnews.com/business/banking/2022/08/24/texas-moves-to-ban-blackrock-ubs-from-state-business-over-firms-oil-industry-boycott/

It’s not just Texas, there are another 19 state attorney generals in the US who are ALSO pushing back against ESG.

These 19 attorney generals wrote to the Securities and Exchange Commission (SEC), asking them to investigate BlackRock’s ties to China.

This movement away from ESG started in the US pension funds, who began withdrawing billions of dollars from BlackRock, utilizing the only vote that matters, and that is the one you make with your wallet.

Source: https://www.ft.com/content/41de28af-a487-473e-bc17-5e8cb71f4ced

The practical world revolts

Jamie Dimon also recently hit out at ESG, announcing that,

‘’Some investors don’t give a sh#t about woke ESG investing and going green would destroy America.’’

Source: https://nypost.com/2022/10/14/jamie-dimon-some-investors-dont-give-a-s-t-about-esg/

The tide is turning and people are finally turning their back on the ESG narrative, which has recently forced BlackRock to close one of its ESG funds.

Source: BlackRock closes ESG fund due to lack of interest, amid poor performance – Citywire

As it looks like ESG is already failing, let’s pivot back to our proposed solution for the crisis we’re enduring.

The solution to the perceived climate crisis should not be a centrally planned and mandated ESG approach that focuses on energy restriction. Rather, we should let the free market find a solution, that focuses on creating energy abundance.

In a perfect world, imagine if we found a tool that captures harmful environmental waste, while simultaneously incentivising our civilization to master energy, and build out more renewable energy sources?

I believe we’ve already found that tool and its name is BITCOIN.

Sadly, like every emergent transformative technology, Bitcoin is currently being attacked and demonized by those most threatened by its world altering implications.

Let’s ignore the fact Bitcoin mining is already the greenest industry, corporation or nation state on the planet. The more interesting side to this story is seen when analysing how Bitcoin mining is actively capturing the planets harmful waste.

Source: https://cointelegraph.com/news/bitcoin-mining-council-survey-estimates-a-56-sustainable-power-mix-in-q2

In Mexico Bitcoin miners are being used to convert pig faeces into electricity, and in Guatemala some savvy locals are converting wasted cooking oils into electricity.

These smaller, more innovative Bitcoin mining use cases often get overlooked because of the enormous amount of innovation occurring in the billion-dollar oil fields. Some of the largest oil and gas producers in the world, like Shell and Exxon Mobile, are turning to utilizing Bitcoin mining to capture wasted natural gas.

Harmful cooking oils that are polluting local lakes, and natural gas that’s being flared into the atmosphere, now both have a home. Bitcoin miners have become the buyers of wasted and stranded energy all around the world.

The USD denominated price of Bitcoin over the past 12 months, and the misguided debate over its energy usage is noise. The rapid integration of Bitcoin mining into electrical grids and energy companies, combined with the continued global adoption of Bitcoin, is the signal we should all be paying attention to.

Join the growing crowd of 200 million strong who’re putting their money where their mouth is and voting with their money. Save your money in Bitcoin and begin buying Bitcoin today with Amber.

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