Several years ago out of nowhere the notion of integrating climate change into investing started getting pushed on Americans. Large companies such as Blackstone started pushing an agenda to make money as they created investment funds and entire scoring systems on the worthiness of a company based on how good of a “corporate climate citizen” they were. Mutual funds based on these investment thesis were created en masse. Mainstream media of course pushed the concept that green investing was good. The problem with this entire thing is that is started from thin air.
- What true factual legit source has confirmed climate change??
- IF that exists, where is that evidence and support?
The facts are there is not as good as investment performance for people when the mandate is that green stocks and DEI high scoring companies are the core of an investment thesis. This conclusion has been proved many times.
The SEC should have no say or power in creating mandates that force people to have to purchase any investments in their retirement plans that include any kind of “green” or DEI based investments.
This is way out of their reach for a number of reasons. But it’s also a denial of our rights to make free decisions for ourselves. Some states such as Florida have already banned any sort of mandate such as this for retirement funds in that state. The financial gains for companies like Blackrock based on these sorts of rules makes it very clear that the agenda pushed by the SEC is being done so out of some quid pro quo and is perpetuating wealth creation for the owners of those fund companies and being done so under the guise of “investor protection “ and protecting the climate. No. This is all a scam to line the pockets of the few companies that made all of this green investing narrative a few years ago in order to make more money.
End all of these climate / DEI mandates created by the SEC immediately. We the people should have the right to pick an investment for our retirement funds based on whatever criteria we want, and never be dictated to by the government what that criteria should should be.