Tesla’s Removal From the S&P 500’s ESG Index Proves it’s a Scam
Ever since Elon Musk announced his intention to buy Twitter, the woke left and its outriders in the mainstream media have done their best to discredit him, whether it’s dredging up old sexual harassment allegations, running hostile profiles in the New York Times or portraying him as a Bond supervillain on CNN. But the latest attempt at character assassination – kicking Tesla off Wall Street’s ESG Index – may turn out to be a spectacular own goal. The Washington Times has more.
This index is a “broad-based, market-cap-weighted index that is designed to measure the performance of securities meeting sustainability criteria while maintaining similar overall industry group weights as the S&P 500”. Translated, this list is meant to highlight the largest publicly traded companies in the U.S. that adhere to ESG standards. These standards include sustainability initiatives (the ‘E’), how well the company promotes social causes within and without (the ‘S’), and the diversity of a company’s staff as well as the quality of the code of conduct it enforces (the ‘G’).
Meeting ESG standards is not exactly something to wear like a badge of honor. They are malleable and reward companies only if they promote the causes the woke left cares about, which are becoming increasingly fringe and radical. Lockheed Martin is a classic case study in the mutability of ESG standards. Recently, the company has been “aggressively positioning” itself as a ‘deterrence’ company rather than a ‘defense’ company. But the change in name doesn’t change the fact that they make weapons – it’s just a way to make weapons creation more palatable.
Margaret Dorn, senior director and head of ESG Indices, responded to Mr. Musk, saying that Tesla didn’t make the cut because of its “lack of a low-carbon strategy” and “codes of business conduct”.
Ms. Dorn’s first reason for kicking Tesla off the list illustrates just how capricious and superficial ESG guidelines and those who measure them tend to be. How is it that Tesla, a company whose mission is “to accelerate the world’s transition to sustainable energy”, does not meet environmental standards? The woke left was happy to rally around electric vehicles when talking about the necessity of passing Mr. Biden’s roughly $2 trillion Build Back Better budget. But when it comes to recognising a company that is actually making those vehicles and working toward a greener future, they couldn’t care less. Additionally, as Mr. Musk mentioned in his tweet, the fact that oil company Exxon was included in the index is enough to destroy the index’s credibility.
Worth reading in full.
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Surely if Musk wants to don the Trumper Confederacy “Reinvade Vietnam” Eugenics “Kill the Left” mantle, he won’t also want his company to be listed on a “woker” index? Are his supporters crybabies or what?
That guy Musk has so got it coming to him.
Listen – if you’re going to take over Twitter, you take over Twitter – you don’t talk about it.
When you have to shoot, shoot – don’t talk.
He’s not going to take over Twitter. He hasn’t got the credit rating or the reach.
His brand image is sh*t too. He appeals to thugs because he’s a super-rich a*sehole. He also says he’ll let his son choose his own gender. He sells luxury electric cars (they’ll be really useful when the power goes out), and yet he wants to appeal to the Trumpite “who you tellin’ not to be a polluter, punk?” market. He’s fly by night. I mean, seriously. The oil price is going through the roof, and this fool seems unable to cash in, despite the kind of product he flogs. He’s probably in debt up to his eyebrows, rather as Peter Rachman was.
I’m not in a position to defend his credentials but I don’t much care about them – he’s exposing the woke as the fascists that they are and that’s better than nothing. He’s not our saviour – we can only save ourselves – but any help is welcome IMO.
Quite. Musk is definitely the most preferable of the mega-corp bosses at the moment, as he’s the only one who opposes the slide into wokery.
Hear, hear!
He is also now in conflict with Gates over Twitter !
The rank stupidity of this comment – which is littered with ignorance – does show the real problem here. This story is about the evident fascism of ESG and how a company like Tesla, supposedly at the vanguard of the climate con, can fall victim of ESG zealotry, presumably because of Musk’s comments on unions, support of freespeech etc. Maybe the writer is aware and in support of ESG, the idiocy in much of the post suggests otherwise, but ESG is the WEF/Blackrock/etc most sinister and powerful move against nation states and global democracies.
When you post sense, you make lots of sense. When you go off on a leftist rant it’s pathetic. Surely if Musk wants to don the Trumper Confederacy “Reinvade Vietnam” Eugenics “Kill the Left” mantle Trump was the most peaceful and inclusive POTUS in living memory. Yet you associate him with war and the left’s own racist underpinnings in the deep south. If anything, Trump has been most successful in turning deep south blue states red (Republican) a party established to combat slavery and racism. And who are the racist’s now, the formerly red states, now deep blue, like California and New York which support the woke agenda, gun control and late term abortion. Quite how a lefty like you can’t admit to this is beyond me. Musk isn’t buying Twitter (yet) because its share price is predicated on the integrity of its user base, which has been exposed as infested with bots. He’s not buying it because it simply isn’t worth a fraction of the price demanded for t. Bu there is a way to go. The share price is liable to crash because of his exposure of Twitter’s corporate malfeasance. There are liable to be law suits from… Read more »
The KKK was the armed wing of the DEMOCRAT party.
I’m aware of that thanks.
I’m open to arguments about Musk, pro and con, but this:
“Trumper Confederacy “Reinvade Vietnam” Eugenics “Kill the Left” mantle”
seems to be pure, self-discrediting delusion, from start to finish.
I don’t even know what it means.
Like most things today – nothing at all really.
Consumption is the sole end and purpose of all production. – Adam Smith
Providing goods that make consumers wealthier is the business of a company, it has no business misallocating resources to ESG fantasies which makes consumers and share-holders poorer.
It’s time company managers started appearing in Court sued by shareholders for breach of fiduciary duty, and time consumers avoided products from companies too busy self-pleasuring themselves instead of enriching consumers.
>misallocating resources to ESG fantasies
Guess who’s on the other end of THAT con?
Unless you have watched Ben Pile’s latest video on the subject, it’s liable not to be who you think it is.
oh i’d be interested in watching that link?!
https://notalotofpeopleknowthat.wordpress.com/2022/05/28/the-green-agendas-role-in-global-inflation-ben-pile-2/
See how Unilever are going backwards with their virtue signalling ESG focus
Go Woke, go broke.
When the state goes woke, you go broke.
‘Own nothing and be ‘happy’ ‘( brain dead on jabs )
Musk cashed in on the climate scam and all the money sloshing around from governments desperate to find a virtuous cause to justify their own existence.
This isn’t so much about Musk, and everything about governments spunking Taxpayers cash on projects politicians deem personally acceptable.
Musk isn’t alone. Every wind farm, solar farm and environmental project is doing precisely the same, taking Taxpayers money because it’s on offer.
Frankly, were I capable of doing it I would have done the same.
Musk has merely highlighted the issues at hand, politicians are entirely unaccountable, whatever they do.
They can waste our money on a green scam or engage us in interminable wars, but not one of them (Blair!) is put on trial to answer for their reckless, self serving decisions.
China and Russia are not embracing ESG, woke, demographic destruction and all the other things.
There is a reason we are in decline. We have allowed distant rich and powerful people control over our lives. The antidote is to reject this, starting at a local level.
How many times over the last few months have I said Putin and Xi will not take orders from the fantasist con-man Klaus Schwab?
And from another DS article today, we find out the WHO’s attempt to take over the world health systems has been rejected by, amongst others, the self same countries refusing to condemn Putin for his Ukrainian intervention namely, Brazil, India, China and some African countries.
We really should be getting the idea by now that the west is not the good guy on the planet these days.
I got that after the invasion of Iraq. But I do think more people are probably waking up.
The non-defeat of Russia seems like an obvious point of confusion heading our way. Should wake up a few more.
The West and Western culture are in staged, progressive, deliberate, self-destruct mode initiated by our own monied elites and Globalist players .
And our own self-hating woke tosspots
You don’t say Elon!
I wonder if he’s getting close to an untimely death in an electric powdered vehicle fire?
He is part of the circus. The deep state approved maverick to convince the moderate conservatives back to the mainstream, which they have left in droves.
Kicking Tesla off Wall Street’s ESG Index?
Who on earth gives a f#ck?
Absolute nonsense worthy of inclusion in the piece about woke businesses.
Toby. Toby Toby. It’s ELON MUSK who is the scammer.
Along with those in power who give him all our money so woke idiots can drive around in extraordinarily heavy electric toys while they keep second and third cars for the real journeys.
There is nothing wrong with the indexes (but I am no great fan of “indexes” built up of “environmentally sustainable” stocks – whatever they are).
This is a company making ‘zero-carbon’ cars. And they are kicked out for ‘lack of a low-carbon strategy’?
It highlights the utter ridiculousness of it all, doesn’t it?
A. There’s no such thing as ‘zero carbon’… Life itself IS carbon.
B. There is an index supposedly there to attract people who like investing in stocks but don’t like oil… While so much of all stocks are where they are because of oil.
C. The people at S&G want to make sure their ESG Index isn’t tarred with people’s growing realisation that there’s nothing remotely “sustainable” or “green” about two-tonne electric cars from one of the world’s most eminent scam artists.
The serpent is starting to eat its tail.
“Eating its tail”? Let’s hope it soon gets to the head!
Teslas are the gayest cars around. Liberace would have loved one.
Obvious once you’ve seen it.
It is also a well-known fact that real men a) use gearsticks (no automatics!), and b) read maps (no GPS!).
There are gay cars now?? What about a trans one, neither fuel or electric or auto or gears or pink or blue
This one’s Trans…
🤣
There is a time and a place for stick-shift, but for everyday convenience when you are doing a lot of mileage, an auto-box is a must.
So you can fix your mascara? What faggotry is this? Real men choose their own gears. 🧐
I gave up on manual boxes when I was persuaded to buy an automatic Mercedes E class estate because there was only one manual in the entire Mercedes UK inventory. I was assured its resale value would drop like a stone so leasing cost’s would be silly.
Auto boxes ain’t what I remember auto boxes to be, the Merc had paddle shifts. Choose your own gears, and it changes faster than you can blink.
Having said that, once the honeymoon period was over and I had done my Max Verstappen bit, I just didn’t bother as the thing shifted up and down the 7 speed box almost without me noticing.
The big difference was the extra time I had to think about what was happening around me. It seems trivial, but it’s not.
Theres’s a very good reason traffic cops drive automatics. Their hands are on the steering wheeel at all times and thus they are always in control of the car
Watching the woke destroy themselves is rather like seeing a snake try to eat itself from the tail up. Or maybe more like a mother animal eating its own children. Isn’t nature wonderful!
One more scam amongst many.
The Woke US, corrupt Leftist “election stealing” Globalist elites are committing nothing but ‘own goals’ currently- let us hope they bring them all down.
I hear the Russians are on the move in Ukraine as well!
ESG is the biggest load of bollocks I’ve ever seen in my lifetime as both a person and an investor of 20 years.
The very notion is totally at odds with capitalism. I doubt anybody will even mention it twelve months from now
Elon Musk is one of the smartest men in the world. He knew exactly what the threatened CIA, leftists, woke, evil bad guys would do to him. He even told everyone he might be disappeared or die because of his actions. There really isn’t anything worse than a billionaire looking after the little guy in the eyes of other billionaires, is there.