State's Handling of ESG Policy Is Inconsistent
The state legislature foolishly wants to fight against ESG, all while Governor Burgum and the executive branch embrace it. And now we are outsourcing our investing to someone who uses ESG as a metric.
This week the main bill (HB 1429) looking to boycott companies that use ESG (Environmental Social Governance) as a metric for investing or banking. The video testimony is worth a watch if you have the time.
Yesterday’s news from Governor Doug Burgum about hiring TV-investment celebrity Kevin O’Leary to help North Dakota invest in private companies is a prime example.
Back in 2021 Kevin O’Leary announced he would only invest in Bitcoin mined with clean energy. That’s an ESG investing model! The very investing model the North Dakota Legislature is trying to divest out of!
If you look at his LinkedIn profile, he posted a year ago that he wants to get ahead of regulation and quote “Writing is on the wall for public $BTC mining companies that think they can fool investors by buying carbon credits to cover up their dirty, carbon belching ways. They will never survive a carbon audit. Government policy is starting to shut them down all around the world. They give a bad name to those of us wh…
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