Interview 1717 - James Corbett on ESG and the Big Oil Conspiracy

04/05/202216 Comments

via "James Corbett of the Corbett Report joined me to discuss the ESG index, corporate compliance, and why big oil is silent despite all of the current problems with production, prices, and inflation."

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  1. HomeRemedySupply says:

    – ESG –
    Near the 17:30 minute mark at Blackrock (who is a major shareholder in some 1600 Wall Street corporations)…
    James Corbett says:
    “I think of it as a corporate social credit system, that again can be used as a model for what will ultimately be imposed on citizens somewhere down the road.”

    How to Calculate Your Individual ESG Score
    Corbett Report Member NoSoapRadio provides the link along with some profound insights and quotes.

    While the referenced website might not be something to pack your lunch pail with, it does gives an excellent preview of concepts.
    It doesn’t take much imagination to know that much of the infrastructure is already in place…
    One Example of many:
    Banks and credit card companies track your specific expenditures. And they follow the foggy ESG guidelines.

    Something I noticed about a week or so ago when James Corbett was reading/highlighting an authoritarian document about the Covid-19 pandemic in his episode.
    I kept hearing these keywords throughout the document: ”Social” and “Governance”.
    If a person viewed Covid-19 as an ”Environmental” factor, then it resonates like ESG control.

    The Powers That Should Not Be are very clever with this ESG criteria. It is nebulous and arbitrary. It is not sourced from an Authoritarian set of nation states, but from a common public perception emanating from a cloudy corporate backdrop. Like a fad for tennis shoes, what an excellent way to covertly control society without them having a clue that they are aiding in that control.

    • nosoapradio says:

      Hey HRS!

      I was reading the “How to Calculate your individual ESG Score” with a student who’s the managing director of a company who told me he’s known about ESG scores for at least 15 years. “What about your employees?” I queried. And in response he explained that with regards to ESG scores he recently had his company host a workshop for all his employees called “The Climate Fresk” (formerly “The Climate Collage” but maybe they decided that sounded just a tad too infantilizing? Inventing words is better).

      Wikipedia explains:

      The Climate Fresk is a French nonprofit organization founded in December 2018 whose aim is to raise public awareness about climate change. It proposes a collaborative serious game based on 42 cards where the participants draw a Fresk which summarizes the work of the Intergovernmental Panel on Climate Change…


      The workshops are opened to everyone but the game has been initially spread out in higher education and companies.[8] Suez Environnement is the first company to announce a partnership with the Climate Fresk in June 2020 offering a workshop to every of its 90,000 employees worldwide.[9] This announcement is shortly followed by the one of EDF which engages in a partnership with the organization to perform the workshop for its 165,000 employees.

    • HomeRemedySupply says:

      — NEWS FLASH —
      RE: How to Calculate Your Individual ESG Score

      Mastercard Official Taglines: “There are some things money can’t buy. For everything else, there’s Mastercard.”

      Tuesday April 19, 2022 – Bloomberg via YahooFinance
      Mastercard to Tie All Employee Bonuses to Meeting ESG Goals

      FULL article
      (Bloomberg) — Mastercard Inc. said it’s expanding an earlier push to tie executives’ bonuses to the company’s environmental, social and governance goals.

      The firm will now link all employees’ compensation to those goals after earlier only doing so for those at the executive vice president level and above, Chief Executive Officer Michael Miebach said in a memo to staff on Tuesday.

      Mastercard will focus specifically on those targets it has toward reducing its carbon emissions, improving financial inclusion and reaching gender-pay parity. The Purchase, New York-based company will incorporate the goals into its so-called annual corporate score, which also takes into account revenue and earnings, and is one of the metrics used in determining bonus levels.

      “We’re tying compensation to emissions, financial inclusion and the gender pay gap because we have a substantial impact in these areas and because they closely align with our vision,” Miebach said in the memo.

      Mastercard in November committed to reach net-zero greenhouse-gas emissions by 2040, a decade sooner than it had previously planned as it reduces its carbon footprint. The company also has made progress toward closing its gender pay gap, with female employees now making 93 cents for every dollar male employees earn on average, an improvement from the 92.4 cents it reported in 2020.

      In its proxy statement last year, Mastercard said the move to formulaically link executives’ annual incentives to its environmental, social and governance goals could raise or lower payouts by as much as 10 percentage points, depending on how the firm performed on those targets.

      • HomeRemedySupply says:

        — GOLD and Mastercard —

        Glint (Other countries also available)

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        Glint clients can buy any amount of gold and can save, exchange or spend their gold with the Glint Mastercard.

        Innovative Payment Technology
        Glint has developed and utilized a highly scalable and secure micro-services technology architecture to deliver landmark liquidity by enabling physical gold to be settled at the point of electronic transaction.
        Glint’s gold does not need to be sold in advance. There is no pre-paid card loading, the Glint debit Mastercard is authorized by Glint based on the real-time balance in your Glint account.

        Reliable & Independent
        Physically allocated gold is the most reliable store of value – and now Glint allows you to spend it. Through our innovative app, Mastercard and banking integration, you can use gold as money in every sense of the word. We’re taking gold out of the vaults and empowering you to spend it whenever you want.
        Our near-term vision, which is fully underway, is the creation of a gold banking service and payment business, both integrated with and independent of existing payment networks.

        Transferring currencies can be complicated, as well as expensive. Many companies aren’t entirely transparent about the fees they charge, so switching money around across different borders can be as annoying as it is costly.
        Glint lets you transfer funds instantly, opening possibilities wherever you go. It’s hassle-free, and ensures you only pay the real-exchange rate, so you won’t get stung by hidden fees.

        As you can both store and spend gold alongside international currencies, you attain a unique choice as well as an additional level of control and protection over your money.
        Glint gives you control by letting you independently store and manage your wealth outside the banking system. You will be able to transfer money to pay bills or send funds to friends without it ever going near a bank, and there’s no reliance on government currency.

        Glint is the Program Manager and the Glint MasterCard is issued by Sutton Bank. Glint is also an affiliate partner to Mastercard International Inc.

    • HomeRemedySupply says:

      RE: How to Calculate Your Individual ESG Score

      April 23, 2022
      Italy Creates New Social Credit App To Reward Citizens For Virtuous Behavior

      … Italy has created a new social credit app to reward citizens for virtuous behavior…

      By rewarding some residents for their behavior through a point system, a new software recently developed in Italy bears remarkable resemblance to China’s social credit system.

      The “Smart Citizen Wallet” was unveiled at a news conference on digital innovation in Bologna on March 29. Mayor Matteo Lepore and Massimo Bugani, director of the city’s “Digital Agenda,” spoke about the initiative.

      The app is already operating in Rome, as per local newspaper Corriere di Bologna, which characterized the approach as “similar to a supermarket points collection.” It is now in its trial phases. This September, it will be introduced in Bologna.

      Citizens who use the program will be rewarded for things like recycling, taking public transportation, managing their energy efficiently, and avoiding fines…

      …“In the coming years many services will go digital in Italy; we have an ambitious project here that is built on solid foundations.”

      According to Bugani, the new smart citizen wallet software will be accessible to Bologna residents after this summer….

    • HomeRemedySupply says:

      EXPERIAN is one of the “Big Three” credit-reporting agencies, alongside TransUnion and Equifax.

      Experain is being used to ID people for different government institutions.
      “…In order to access their vaccination records via the portal, Illinois residents have to go through a one-time verification process through Experian.”

  2. HomeRemedySupply says:

    RE: Interview 1717 – James Corbett on ESG and the Big Oil Conspiracy

    Around the 27 minute mark, the discussion revolves around States which are pushing back against ESG.

    In Texas, a new Texas law went into effect banning state agencies from investing in finance firms that have “boycotted energy companies” or adhere to policies aimed at pivoting away from oil and natural gas in favor of more climate-friendly initiatives.
    The keyword is “state agencies” such as pension funds.

    BOSTON, Feb 17 (Reuters) – At the risk of being dropped from Texas pension funds, BlackRock Inc (BLK.N) has ramped up its message that the world’s largest asset manager is a friend of the oil and gas industries.
    As a large and long-term investor in fossil fuel companies, “we want to see these companies succeed and prosper,” BlackRock executives wrote in a letter…

    …“We will continue to invest in and support fossil fuel companies, including Texas fossil fuel companies,” states the memo, signed by Dalia Blass, BlackRock’s head of external affairs, and Mark McCombe, BlackRock’s chief client officer.

    Although the message is consistent with its other statements, the emphasis is new after years in which BlackRock has stressed its efforts to take climate change and other environmental, social and governance (ESG) issues into account in its investment and proxy voting decisions.

    [It demonstrates how arbitrary ESG criteria can be.]

  3. HomeRemedySupply says:

    In the region of the 40 minute mark, the board of directors (appointed by shareholders) for these oil companies was discussed.

    Here are a few related recent ESG type stories…

    Occidental Petroleum is a huge oil company.
    It plans to spend about 1 billion dollars to capture CO2 from the atmosphere, then sell the carbon credits.
    This could prove to be more profitable than its oil chemical business.
    In March, Warren Buffett bought over a billion dollars worth of Occidental stock, which brings Warren Buffett’s Berkshire Hathaway holdings of the company to about $6.9 Billion.

    Archer-Daniels-Midland Co is a food and ethanol producer.
    They plan to build a 350-mile steel pipeline, capable of transporting 12 million tonnes of carbon dioxide per year, then pump it underground.

    …Another company, Summit Carbon Solutions has faced opposition from farmers over plans to build a 2,000-mile, $4.5 billion carbon pipeline in the Midwest due to concerns about land usage and potential crop damage…

    Wolf Carbon Solutions of Alberta is a private company backed by Canada Pension Plan Investment Board which is spending about 4 billion on CO2 capture.
    At this link, see the reply comment part about Archer-Daniels-Midland producing a lot of ethanol (alcohol).
    During the distillation process of alcohol production CO2 is given off.
    This can be fed into a greenhouse to accelerate the growth of plants and to also kill off the bugs.
    (Note: Greenhouses sometimes will purchase a CO2 machine for this purpose. Works well for organic foods.)
    The mash left over from the alcohol production can be fed to fish, which in turn can be sold commercially.
    The fish poop can be used to fertilize the greenhouse plants.
    The mash is also used for livestock feed.

  4. HomeRemedySupply says:

    RE: Interview 1717 – James Corbett on ESG and the Big Oil Conspiracy

    April 8th – Zero Hedge via
    America’s Green Regulation Wave Will Have A Global Impact

    ~~ The SEC has just proposed a new set of climate rules.
    ~~ The proposed regulation will force public companies to calculate their total greenhouse gas footprint, including their supply chains.
    ~~ The fallout from these new regulations could be disastrous for the global economy, as it could force many companies to revamp their supply chains from the ground up.

    Making a box of Cocoa Puffs is a complicated global affair. It could start with cocoa farms in Africa, cornfields in the U.S., or sugar plantations in Latin America. Then thousands of processors, transporters, packagers, distributors, office workers, and retailers join the supply chain before a kid in Minnesota, where General Mills is based, pours the cereal into a bowl.

    Now imagine the challenge that General Mills faces in counting the greenhouse gas emissions from all of these people, machines, vehicles, buildings, and other products involved in this Cocoa Puff supply chain – then multiply that by the 100-plus brands belonging to the food giant.

    Thousands of public companies may soon have such a daunting task to comply with a new set of climate rules proposed by the Securities and Exchange Commission.

    Hailed by prominent environmental groups as a long-sought victory, the sweeping plan released in late March would force companies to grapple with the unpredictable impact of climate change by disclosing reams of new information to investors. What are your company’s climate risks, such as severe weather, and the possible financial impacts? How have the threats affected your business strategies and what’s the plan to avoid the dangers? The most consequential and controversial piece of the SEC’s proposed regulations would require corporations to calculate their total greenhouse gas footprint, including from the supply chain.

    The regulations also carry political weight…
    …SEC head Gary Gensler says shareholders are demanding climate risk disclosures to make smarter investment decisions and hold companies accountable for “greenwashing” their operations. The regulations will also provide investors in the Environmental, Social, Governance (ESG) movement more leverage in their ongoing campaigns to pressure companies to reduce their carbon footprints…

    …Two decades ago, the international environmental group CDP pioneered the strategy of organizing institutional investors to pressure companies around the world to reveal at least a piece of their carbon footprint….

  5. HomeRemedySupply says:

    RE: Interview 1717 – James Corbett on ESG and the Big Oil Conspiracy

    Irina Slav (energy journalist) challenges the narrative on her Substack with facts.
    In the article below, she points out the silliness of EU thinking when it comes to boycotting Russian natural gas.

    Praise the EU gas replacement plan: Part 3

  6. Kaiser says:

    They sure are spending alot on this. Run time in media, all the talking heads.
    If you cant see the product = you are it.

    I just thought its all opposite.
    ala The Ministry of Truth is all about War.

    E= anti environment: removal of environmental protections etc.
    S= anti social: panopticon surveillance, anti diversity(ie total conformity), worse working conditions, removal of safety protections for workers. etc
    G= unbelievable levels of corruption, no diversity on boards, no tax paid(death of western style democratic government)

    Inclusive Capitalism
    Inclusive= Totally excluding
    Capitalism= Communism/Feudalism

    Now that Europe is totally disarmed from sending the last of its meagre weapons to Ukraine lets see who invades.

    Diabolical. The effort.

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