Government-mandated energy efficiency programs today generally work by increasing the cost of electricity in order to reduce electricity consumption. In all of these cases, consumers or taxpayers pay more for electricity. The result is reduced economic growth and decreased wealth for most Texans.
The end of ESG? BlackRock admits adverse effects in SEC filing
BlackRock’s penchant for ESG is already coming back to bite it in the behind. In its annual filing with the Securities and Exchange Commission, the financial behemoth openly admitted its ESG activism poses a serious risk to its business. In the company’s words, the House of Cards could tumble “if BlackRock is not able to successfully manage...