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Message Subject CA POWER SHUTDOWN: CA State Government & PG&E Outright Lied to the Residents About the Power Shutdown
Poster Handle ElleMira
Post Content
Agenda 21
 Quoting: Anonymous Coward 76858072


The banks are in on it too, working with the United Nations (formerly "Agenda 21" now rebranded as Agenda 2030, or SDGs "Sustainable Development Goals"). ESG (Environmental, Social, Governance) investing. Basically, a leftist agenda establishing globalist corporate controls over populations - New World Order:

Bank of America

Investing in Sustainable Development Goals


"Achieving the United Nations Sustainable Development Goals will require active participation by private companies. For its part, Bank of America is committed to developing innovative financing for SDGs...the bank recently announced a $300 billion environmental business goal, achievable by 2030, to help accelerate the transition to a low-carbon economy. The bank’s Environmental Business Initiative also supports several nonprofits working to develop solutions to various SDGs. These include Water.org’s microfinance solution, WaterCredit, which helps provide small loans to individuals for clean water and sanitation, and the GivePower Foundation, which used innovative solar technology to power a desalinization plant in Kenya, providing water for more than 30,000 people..."
[link to www.privatebank.bankofamerica.com (secure)]

Good article here:
PG&E: A Case for Active vs. Passive ESG Investing

Feb 2019

The story surrounding California Public Utility Pacific Gas and Electric (NYSE: PCG) is a case study of the nuanced implications of different sustainable investing strategies. PG&E filed for bankruptcy after estimating a $30 billion liability from two years of wildfires, becoming one of the largest utility bankruptcies in history, and one of the first to be tied directly to climate change. 1 ...

A recent Bloomberg article by Nir Kaissar titled “PG&E Exposes the Pitfalls in Virtuous Investing” builds a case against ESG investing’s efficacy to mitigate risk when relying on overall scores from ESG databases. Kaissar cites that PG&E’s environmental, social, and governance scores from several major data providers, such as RobecoSAM and Sustainalytics, were above average in 2018...

...if ESG investing is supposed to mitigate event-based risk, then why were any ESG funds invested in PG&E?...

In terms of thematic funds, PG&E is an interesting company, because while its safety score is low, it plays a large role in facilitating California’s transition to a low carbon economy. California’s Renewable Portfolio Standard Law requires utilities such as PG&E to supply 60% of power from renewable sources by 2030. Given PG&E’s vast domain, serving roughly 6 million Northern California residents, it is one of the country’s most renewable utilities. Thus, a fund that is mandated to focus on United Nations Sustainable Development Goal #7, “Affordable and Clean Energy,” may hold stock in a utility company such as PG&E due to its role in the renewable energy sector, and regardless of its low ESG safety score.
full article here: [link to advisor.gittermanwealth.com (secure)]
 
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