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ESG policies will be the ‘destruction of the fossil fuel industry’


WASHINGTON, District of Columbia – West Virginia Treasurer Riley Moore, who recently announced a 2024 congressional race, told Breitbart News in an exclusive interview that environmental, social and governance (ESG) policies will drive to the “destruction of the fossil”. the fuel industry.

Moore, West Virginia’s first Republican state treasurer in 92 years after being elected in 2020, said the “easiest and most direct way” to explain how bad ESG policies are is that it would be “the destruction of the fossil fuel industry”. in West Virginia and Americans are paying for it in soaring inflation.

ESG policies are a form of left-wing activism in financial investing that has become the latest vector of influence on how corporations and financial firms on Wall Street continue to take unrelated social and political stances. to their activities, such as positions related to climate change, as well as the Diversity, Equity and Inclusion (DEI) program. Wall Street firms, such as BlackRock, for example, sell ESG as a way to invest according to specific criteria that the political left imposes on voters and consumers.

The exclusive interview with Breitbart News took place shortly before he was reward Consumers’ Research’s “Consumer Champion Award” for his “relentless advocacy of WV consumers against those who use the ESG excuse to threaten their livelihoods” at the State Financial Officers Foundation (SFOF) conference last week, where state treasurers from across the country launched their strategy against ESG policies.

The West Virginia treasurer explained that the “destruction of the fossil fuel industry” is driving up the price of gas, which is creating a domino effect on everything that travels by truck, train, and other means of transportation.

“Everything moves in trucks, trains and all that other stuff. So that means it costs you money. It also means that we subsidize this left-wing social experiment on this through inflation and through investments, and or forgive me, through our retirement accounts as well,” he said.

Earlier this year, Moore became a leading voice against financial firms forcing ESG policies in their lending decisions and led a 16-state coalition to fight the divestment movement. West Virginia was also the first state to pull investment funds from places — such as BlackRock — that adopt “net zero” investment strategies, which would ultimately hurt the state’s fossil fuel industry. ‘State.

Politics noted a “slew of anti-ESG bills circulated in state legislatures across the country” as a result of the multi-state coalition. One example is West Virginia, which passed Senate Bill 262 that eventually allowed Moore, as state treasurer, to “publish a list of companies suspected of engaging in” energy boycotts “and prevent them from winning state banking contracts”.

“When I tour the state…I urge every individual to go home… [and] whoever your financial advisor is, ‘am I investing in ESG in my retirement accounts,'” he said, explaining how many people are surprised to know this and can also take individual actions.

Moore further explained that financial advisors who want you to invest in places that consider ESG policies “want to destroy the industries that not only fuel our state [West Virginia] and the country, but also providing jobs and tax revenue, and that’s our way of life… I get messages all the time from voters all over the state of West Virginia who have left this fund or this fund .

Moore, the newly announced congressional candidate, added that as state treasurer he has been focused on “human flourishing,” while he’s been up against people who want to focus on ESG policies “focused on…limiting human impact on the world”.

“They want less of us, not more, than by their own admission they said the way renewables are going to be ‘sustainable’ in the grid economy is to essentially have fewer humans on the planet. ,” he added. “And the World Economic Forum has said it, and everybody who’s come up with these ideas has talked about it – it’s about control. It’s about control. It’s all about control. It’s not about control. “Human flourishing. It’s not about outcomes for individuals. It’s not about maximizing the human potential of the working class of my state and country.”

When he announced his candidacy for the state’s second congressional district on Monday, Moore said he would be a fighter “for American energy against corporate woke activism.” He aims to replace Rep. Alex Mooney (R-WV), who currently represents the congressional district, but has also announced a bid to oust Sen. Joe Manchin (D-WV) in 2024.

Jacob Bliss is a reporter for Breitbart News. Write to him at jbliss@breitbart.com or follow him on Twitter @JacobMBliss.



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