#ClimateElection

Greta Thunberg’s Brilliant Minds speech

What troubles CM is that the soon to be Dr Thunberg (she will be given an honorary doctorate from the University of Mons in Belgium) will be abused even more by those pushing the climate change narrative. She is the perfect human shield to the divisive machine that lurks begins her. It is hard to criticize a movement when the face is a child.

She faces either nothing happening with the climate and being exposed as brainwashed. Or the policies she espouses will lead to such a miserable existence that life will be even more terrible than it is now.

This is not to criticize Thunberg per se. She is undoubtedly a very brave girl to face world leaders and celebrities with such scripted messages.

Here is the transcript of Greta Thunberg’s Brilliant Minds speech. The socialist imprints are all over the language. Especially when the 16-yo tells the audience they are simply “uninformed.” Watch out for the coming “carbon budget” which will mean you have to turn vegan, stop flying and take on your moral duty to stop spending other’s carbon credits!!

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Around the year 2030, we will be in a position where we probably set off an irreversible chain reaction beyond human control, that will most likely lead to the end of our civilization as we know it.


That is unless, in that time, permanent and unprecedented changes in all aspects of industrialized society have taken place. Including a reduction of our CO2 emissions by at least 50%.

And please note that these calculations are depending on inventions that have not yet been invented at scale.

Furthermore, these scientific calculations do not include most unforeseen tipping points and feedback loops.

Nor do these calculations include already locked in warming hidden by toxic air pollution. Nor the aspect of equity, which is absolutely necessary to make the Paris Agreement work on a global scale.

And these calculations are not opinions or wild guesses.
These projections are backed up by scientific facts, concluded by all nations through the IPCC.

So if we are to stay below the 1,5 degrees of warming limit, which is still possible within the laws of physics, we need to change almost everything. We need to start living within the planetary boundaries. This will be a drastic change for many, but not for most.

Because most of the world’s population is already living within the planetary boundaries. It is a minority who are not. 

The richest 10% of the world’s population emits about half of our emissions of greenhouse gases. The richest 1% emits more than the poorest 50%.

And this is not about glorifying poverty, this is about the laws of physics and the remaining amount of greenhouse gases that we can still emit into the atmosphere to be in line with the Paris agreement.

It is not people in countries like Mozambique, Bangladesh or Colombia who are most responsible for this crisis. It is mostly down to people like you here in the audience.

Entrepreneurs, celebrities, politicians, business leaders. People who have a lot of power.
People who consume enormous amounts of stuff. Who often fly around the world, sometimes in private jets.

Your individual carbon footprints are in some cases the equivalent of whole villages.

But the worst part I think is that you are normalizing this extreme lifestyle. Because people look up to you. You are the role models, you are setting the standards. People aspire to be like you.

About 100 companies emit approximately 71% of our total emissions of CO2. And yes I know, we need a system change rather than individual change. But you can not have one without the other.

If you look through history all the big changes in society have been started by people at the grassroots level. No system change can come without pressure from large groups of individuals.

And no, I don’t blame you. I know you are not acting like this because you are stupid. You are not ruining the biosphere and future living conditions for all species because you are evil. At least I hope not. I know that almost everyone of you are simply uninformed. Just like the rest of the world’s population.

I know that you here in the audience didn’t travel here to see a sixteen-year-old girl who says strange and uncomfortable things.

But you know what? We need to dare to be uncomfortable. We need to be brave enough to say and do things that may not increase our profit or our popularity. Because otherwise, we won’t stand a chance.

We need to start thinking outside the box. To acknowledge that we don’t have all the solutions to the climate and ecological crises yet unless those solutions mean that we simply stop doing certain things.

We need to accept that the market and new technologies will not solve everything for us. We need to admit our common failure. And then we need to act, while there’s still time

At meetings like these, you love to listen to entrepreneurs, new ideas and new inventions. But when it comes to the climate crisis the time for those magic new inventions has just about come and gone.

And even though we most certainly need to embrace every bit of new clean technology – we can no longer look away from the obvious fact that we also need to change our behaviour. Some more than others.

The theme of this year’s Brilliant Minds conference is “Fluxability Quotient”. It’s what the organizers call “a symphony of big-picture thinking”.
Well, here is some big-picture thinking for you.

If you regularly fly around the world, eat meat and dairy and are living a high carbon lifestyle then that means you have used up countless of people’s remaining carbon budgets. Carbon budgets that they will need in their everyday life, for generations to come.

And if that wasn’t enough, those whose carbon budgets we are stealing are the ones least responsible and the ones who are going to be affected the most by this crisis.

According to climate scientist Kevin Anderson, if the richest 10% of the world’s population would lower their emissions to that of the average citizen of the European Union, then the world’s emissions of CO2 would be cut by about one third.

I think we can safely say that everyone in this room belongs to that 10%. Including me.

Everyone and everything needs to change. But the bigger your platform, the bigger your responsibility. The bigger your carbon footprint, the bigger your moral duty.

To make the changes required we need role models and leaders. People like you. I am certain that most of you sitting here will have the wisdom, the courage and the common sense to take a few steps back. To see the full picture. To make the sacrifices that are necessary. And to become the leaders we need you to be.

The question is, will you do it in time?

Future generations are counting on you. Don’t let us down.

They’ll never get it

Yet another example of the lunatics within the Extinction Rebellion (XR). Printing 1000s of paper leaflets and using those evil fossil-fuel based adhesives to fasten them to public and private property. CM is reminded of the echo chamber within XR when they claimed that many corporates backed their cause with a joint letter to The Times UK. As a reminder,

“CM attaches their own published business models in brackets below. We also attach the distance of each HQ from the protest epicentre in LondonIt’s easy to say how woke you are about impacting local businesses when you’re nowhere near it. Read on

The letter to the Times

Sir, Contrary to belief, there is business support for the Extinction Rebellion (XR) agenda. The multi million-pound costs that the Extinction Rebellion protests have imposed on business are regrettable, as is the inconvenience to Londoners. But future costs imposed on our economies by the climate emergency will be many orders of magnitude greater.

Hard pressure drives change, but even the most committed businesses will need time to respond. We welcome the news that  Extinction Rebellion is evolving a new platform, XR Business, to engage business leaders, investors and advisers. To drive things forward, the idea is to convene a meeting of XR activists and experts with business leaders and influencers.

Most businesses were not designed in the context of the developing climate emergency. Hence  we must urgently redesign entire industries and businesses, using science-based targets. 

To kick start the process, businesses should make a declaration that we face a climate emergency and organise a session at a full board meeting to consider the case for urgent action. We will encourage the senior management teams of which we are part to do likewise.

Signed

Seb Beloe, partner at WHEB

(“WHEB is a positive impact investor focused on the opportunities created by the transition to a low carbon and sustainable global economy.“)

HQ Distance from XR protest: 1.3km

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Thomas Bourne, CEO and co-founder, Greenheart Business Ltd

(“Using the B Corp framework to assess, plan for and embed positive social & environmental impact improvements within your business – from specific operational improvements through to comprehensive or transformational (i.e. business model) change.)

HQ Distance from XR protest: 337.6km

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Amy Clarke, co-founder, Tribe Impact Capital LLC

(“We use the UN Sustainable Development Goals (SDGs) as a framework for uncovering client’s values and to measure and report portfolio performance…To facilitate this we have created four Tribe Themes…we actively select positive investments that directly contribute to global sustainable development and address a social, economic or environmental issue society is facing.)

HQ Distance from XR protest: 3.5km

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Chris Davis, CSO, The Body Shop International Ltd

(Social activism has been a part of the Body Shop since 1986 when it proposed an alliance with Greenpeace to save the whales“Protecting and regenerating habitats is also known as ‘re-wilding’. Find out how you can help us re-wild the world and protect our animal friends by fighting against deforestation and the destruction of natural habitats.“)

HQ Distance from XR protest: 107.2km

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John Elkington co-founder and Louise Kjellerup Roper, CEO, Volans Ventures Ltd

(“By conducting inquiries into our planet’s most wicked problems, we help business drive positive change at an unprecedented pace and scale.“)

HQ Distance from XR protest: 3.2km
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Brad Frankel, CEO and co-founder, Flooglebinder Ltd

(“Our aim is to inspire students to become changemakers and future leaders through a range of educational programmes that connect young people with the outdoors. Our programmes firmly adhere to the United Nations Sustainable Development Goals. By understanding, enjoying and respecting these environments through adventure and play, we hope to develop more global citizens and positive ambassadors for our planet.“)

HQ Distance from XR protest: 267.2km
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Jake Hayman, CEO, Ten Years’ Time

(“Whether the cause area is climate change or economic fairness, mental health, homelessness or education, we work with those who are ready to leave the safe ideas behind and want instead to understand, challenge and do their bit to reinvigorate failing systems.“)

HQ Distance from XR protest: 6.4km

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Jeremy Leggett, founder and director, Solarcentury Ltd

(“We’re in business for a purpose: to make a meaningful difference in the fight against climate change through the widespread adoption of solar power.“)

HQ Distance from XR protest: 4.8km

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Charmian Love and Amanda Feldman, co-founders, Heliotropy Ltd

(“We broker partnerships across sectors  to support private sector engagement in social and environmental issues.“)

HQ Distance from XR protest: 6.4km

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Andy Middleton, founder and chief exploration officer, TYF Group

(“Our mission is to inspire long lives of adventure and promote discovery and care for nature.We create life-changing adventures with a light touch on nature, focus young people’s sight & skills for the future and help organisations with innovation & sustainability. We play for the planet.“)

HQ Distance from XR protest: 387.2km

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Safia Minney, founder & Former CEO, People Tree Fair Trade group.

(“Fairtrade promotes training on climate change mitigation for farmers. For example, some training offers advice on switching to environmentally friendly practices, such as developing nutrient-rich soils that support healthy plants and encouraging wildlife to help control pests and diseases.“)

HQ Distance from XR protest: 3.2km

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James Perry, partner, Snowball LLP

(“Project Snowball LLP is a pioneering investment organisation that targets social and environmental impact alongside financial return.“)

HQ Distance from XR protest: 60.8km

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Paul Polman, former CEO, Unilever plc

(“The Unilever Sustainable Living Plan sets out to decouple our growth from our environmental footprint, while increasing our positive social impact. “)

HQ Distance from XR protest: 361.6km

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Samer Salty, co-founder and managing partner, Zouk Capital LLP

(“Zouk’s ESG Policy includes an Ethical Investment Policy for negative screening and an innovative and bespoke methodology for assessing the value creation across Environmental, Social, and Governance principles driven by the portfolio companies…Zouk adheres to and is a signatory of the United Nation’s Principles for Responsible Investment (UN PRI) and is also fully Carbon Neutral.“)

HQ Distance from XR protest: 3.2km

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Sir Tim Smit, founder of The Eden Project, executive chairman of Eden Regeneration Ltd

(“Get a feel for what we believe in – from the way we run our site to the transformational social and environmental projects that we run on our doorstep and around the world.“)

HQ Distance from XR protest: 396.8km

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Hermione Taylor, CEO and founder, The Do Nation Enterprise Ltd

(“If changing behaviours was easy, we’d all be super-fit with PhDs, empty inboxes and spotless bathrooms. And, what’s more, climate change probably wouldn’t be a problem.“)

HQ Distance from XR protest: 6.4km

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Diana Verde Nieto, CEO and co-founder, Positive Luxury Ltd

(“Fashion recycling has been on the rise in recent years – so how are consumers shopping pre-worn today? To celebrate Earth Day, we investigate the popularity of the more environmentally-friendly way to stay stylish.“)

HQ Distance from XR protest: 4.8km

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Dale Vince OBE, founder, The Ecotricity Group

(“We’ll use the money from your energy bills to develop new sources of green energy. So you can help build a green Britain – just by being with us.“)

HQ Distance from XR protest: 171.2km

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Bevis Watts, managing director, Triodos Bank UK

(“Our bank was founded on the conviction that banking can be a powerful force for good. We offer a range of financial and banking services to savers, investors and entrepreneurs who want to change the world for the better. By connecting these groups, we are building a community of people united in their desire to make a positive impact on society, culture and environment.“)

HQ Distance from XR protest: 189km

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Tim Westwell, co-founder and former CEO, Pukka

(“Doing good things helps make good things happen. We create things that help you, help nature and everything inbetween. It’s called conservation through commerce – striving to positively change the world for you, business and the planet.“)

HQ Distance from XR protest: 182.6km

—–
Gail Bradbrook (co-founder)  Extinction Rebellion
Fiona Ellis (XR Business)

We’ve covered XR in previous posts. They’re leading this disruption.

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So there you have it. Every co-signatory has a vested interest with a business model attached to climate change. Many advertise the brands of other co-signatories on their respective websites. There is nothing woke about signing a letter which seeks self-promotion. Is this about saving the planet or cynically riding off the back of a movement to get press based marketing?

Space Invader left Shorten unable to insert more coins

Bill Shorten’s “it’s everyone else’s fault” tagline yesterday was proof that he was out of his depth all along. It certainly must be a bitter pill to swallow but he can’t escape the fact that the ‘Space Invader’ ran a superior campaign and blew away Shorten’s defences when it mattered most. On May 18, Shorten had no more coins to insert.

He might well criticize the Murdoch media and all of those evil “corporate leviathans” to thwart his campaign but there are few worse leaders than those that can’t reflect and reevaluate their own flaws. Labrador puppy dog shoots with Kristina Keneally or dismissing legitimate requests for hard numbers over climate policy costs with “that’s a dumb question” are hardly going to win friends and influence voters to shy away. Having his treasurer slap those that didn’t like the policy suite with “then don’t vote Labor” probably weren’t the fault of big business or Murdoch.

No, Bill Shorten must have channeled Hillary Clinton, thinking May 18 was a coronation. Why didn’t Shorten curse the betting agencies for giving him the kiss of death?

The true litmus test from here is whether the press give Shorten the same negative profiling given to Tony Abbott after the Turnbull coup. Shorten’s prints were all over the candlestick in the drawing room when Rudd then Gillard were disposed. Will Albo be in his sights?

New Labor leader Anthony Albanese had a dilemma. He chose to put Shorten on the front bench. Best to keep him in the inner circle. Albo wouldn’t have viewed Shorten’s excuse ridden whine as the type of action that supported his appointment. He better hope he doesn’t become the demoted former boss who finds fault in everything and ends up poisoning the well on every occasion.

Does apathy come before extinction?

NSW Greens politician Cate Faehrmann wrote of her disappointment at the low numbers attending the school climate strike today. CM wonders whether apathy is the penultimate stage to extinction?

CM finds it hard to reconcile how Faehrmann has only just started to realize there is a need to “develop new strategies.

She wrote,

Not a massive crowd at today’s Strike 4 Climate in Sydney and I’m sure our opponents will use that against us. However, it’s not surprising so close to a demoralising election result for us climate activists. It doesn’t mean we stop protesting. We have to keep going.

For now though, we take stock, recover and then get back to work on building support for urgent action to address the climate emergency upon us. That means absolutely continuing to campaign like we know how, because the hundreds of thousands of you who have been working for climate action have been bloody effective in raising the issue to the top of the national agenda. However, we also have to develop new strategies to reach new audiences to win. We need to build new alliances and develop a greater understanding of people’s motivations and values. We need to be prepared to work with everyone over the next few years because as long as we continue to frame this as a ‘fight’ on climate change against the conservatives, winning for the ‘right’ is stopping genuine action.

It’s going to be the toughest thing we’ve ever done but we have to broaden support beyond those who voted for climate action last weekend. Do you think it’s possible? How? I’d really love your thoughts on this.

Here’s a suggestion – try debating in open forums with facts not feelings. No hysteria. It will really help. Belittling skeptics by screaming through megaphones and brainwashing children aren’t activities that win over the majority of the public you wish to sway.

Palaszczuk backflips on Adani

What a farce. Queensland Labor Premier Annastacia Palaszczuk is about to backflip on the Adani coal mine approval after her federal colleagues were wiped out in Queensland.

Typical. She’ll still lose the next state election in October 2020 for this expediency. She had to weight for the litmus of a federal election to find her missing conviction. Total clown show.

The people have spoken. So all the radical left activists have failed. The bullying of the banks which caved in to this pressure are no better.

This approval process has been 8 years in the making. An Indonesian coal mine took only 18 months.

Queensland Government appointed an advisor, Tim Seelig, to the Dept of Environment. As an anti-coal Greens activist it seems apparent he threw up roadblocks to dissuade Adani from going ahead by unnecessary and overbearing approval processes.

Now Palaszczuk is considering launching an inquiry as to how Seelig was hired into the role despite the applications deadline having ended. Another backflip.

Once again – get woke, go broke!

ALP, first find a purpose before you choose your next leader

On what planet does Shadow Treasurer Chris Bowen honestly believe he is a viable candidate for the ALP leadership? Of course the Coalition welcome such an appointment as they’ll be guaranteed another 3 years in government. Does Bowen believe that the electorate will grant what he calls a “blank canvas” and give him a fair go? Like any good retail store, the best assets are put on display where people can see them first. If the repudiated policies of the election just finished were the best he had to offer, what hope has he got ‘connecting’ with the base? Will this be the “these were the policies I wanted but Bill Shorten didn’t let me run them” campaign? If that were so Bowen stands for nothing so will fall for anything,

Bowen co-led the most dreadful campaign. Telling hope owners to forget if their houses slipped into negative equity and throwing two fingers up at self-funded retirees telling them if they didn’t like it not to vote for Labor. At least that message cut through.

Tanya Plibersek withdrew her nomination stating she “wasn’t ready”. Is that what a deputy for 6 years does when her boss vacates the top job? She clearly sees the next 3 years as toxic. So her loyalty to party is limited to her own ambitions of taking the top job once other members of the team have become political cadavers. CM spotted her pre-election in Hermes in Sydney so she is most definitely a champagne socialist.

Anthony “Albo” Albanese is the true Labor man who has never been given a title shot. He too is of the left, but he is eminently likable. He is a down to earth battler. However will his party see him as one to lead them back out of political oblivion? The hard left has been the problem.

Then that leaves Jim Chalmers. He is young. Served as an advisor to Rudd. He was pretty ordinary on Q&A last night. He won’t prosecute like Albo can.

The ALP first has to find a purpose before it selects a leader. If it does it the other way around it will only foul up the works and elevate the chaos this unlosable election has already brought upon them. To make a rash choice and then in-fight over policy direction will turn them into a carbon copy of the US Democrats

The lesson was loud. The electorate rejected radical climate change policy, punishing pensioners, identity politics, class warfare and the politics of envy. That Chris Bowen thinks he can lead the party back from the pits of despair with that legacy behind him means he is more delusional than Malcolm Turnbull.

It is worth remembering that experience is a hard teacher. You get the test first and the lesson afterwards.

Go woke, go broke

Yet another example of why CM has cancelled his FT subscription. Where is the critical reporting? This article by Pilita Clark doesn’t critique the ridiculous movement by corporates to virtue signal but falls in line with the stupidity.

Maybe the best metaphor for the woke corporation is parsley. It often looks nice as a garnish but 99.9% of us push it to the side of the plate and leave it to be thrown away.

Corporate hypocrisy is everywhere.

Take Josh Bayliss, CEO of Virgin Group. He says,

“It’s definitely true that right now every one of us should think hard about whether or not we need to take a flight.”

Why doesn’t he close down the airlines in the portfolio? Instead of waiting for his customers to grow a conscience and do the right thing why not force their choice? The obvious answer is that it’s hypocritical.

Airlines operate on about 70% capacity load factor break even so if Virgin flights end up being half full he’ll only end up spewing more or less the same CO2 per flight and go out of business. British Airways, EasyJet and Ryanair will welcome Virgin’s virtue signaling. Go woke, go broke.

Qantas has the world’s largest carbon offset program yet only 2% of passengers elect to pay. That’s the extent of the belief in global warming.

Blackrock’s chief Larry Fink said his asset manager needs to do more than just make money yet it only backed 10% of the climate related shareholder proposals. Why? Supposedly because they would crush profits. All talk, little walk.

BP surprisingly helped prevent a carbon tax it openly launched support for. A fossil fuel company trying to undermine a carbon tax? Wow. Who’d a thunk?

UK shadow chancellor John McDonnell has said Labour would seek to delist companies from the London Stock Exchange that didn’t meet their climate change commitments. In order to meet that, will that mean a child daycare company will be burnt at the stake for not brainwashing kindergarten kids? Will there be a minimum pot plant to child ratio?

How would regulations impact the myriad of different businesses that would trigger being dumped from the LSE? What standard would be applied? CM is betting corporates jus need to “file” a governance statement on climate change which no one will read. As long as 100% of companies file, nothing will happen.

Pretty easy to avoid too. Companies could list on Nasdaq or the Singapore exchange to avoid the regulations and still raise capital. Did you think of that Mr McDonnell? No because it is all about being woke and there are plenty of alternatives to dodge stupid policy. Capital is global.

Pilita Clark closes her article by saying,

“Yet the climate debate is shifting and I am willing to bet that companies failing to match their green claims with solid action face far greater risks than they ever have before.”

Like much of the climate religion, few hard facts are ever presented except the date we are all supposed to die. Even then that is an ever-shifting goal post. We can be assured that when 2028 arrives all of a sudden we’ll have another 12 years to do something. A bit like the joke where a patient asks his doctor how long he has to live and is given an extension so he can pay his bill.

The ever-growing tide of the “woke” corporation is going to thwart ingenuity and entrepreneurship. It is corporate suicide to pander to this nonsense. It is not for companies to bang on about their wonderful commitments. Customers and shareholders can decide for themselves. Maybe if companies listened to both groups they would find profits go up. People are growing sick and tired of being told what to do. How to think.

The world is littered with corporate wokeness backfiring. The irony is much of it is self-inflicted. By trying to create false images of virtue, the results have been disastrous.

P&G had to write off billions from its Gillette brand for the toxic masculinity campaign. Before the campaign Gillette was ranked 7th out of 45 health and grooming brands. After, rock bottom.

There is almost a wave of corporate fear twisted by a minority of social activists like Sleeping Giants which create false narratives about public perceptions of evil companies. There is a flip side.

Chick-fil-A was established by Southern Baptists. They don’t ram their Christian beliefs at all in the restaurants. Activists tried to boycott the fast food outlet because one of the directors personally didn’t support same-sex marriage. Guess what, store numbers have doubled and revenues tripled over the last decade.

Chick-fil-A states it’s mission is, “To glorify God by being a faithful steward of all that is entrusted to us. To have a positive influence on all who come in contact with Chick-fil-A.”

Chick-fil-A is notable by its closure on Sundays, Thanksgiving and Christmas. So people are well aware ofthis corporate backing its religious beliefs.

There is a difference between founding a company on certain beliefs and concocting them to ride a wave of hijacking social movements. Customers are aware of the difference.

Virgin Group can wax lyrical about its concerns in trying to save the planet but the only woke thing would be to shut down. Pushing the guilt back on its customers shows how hypocritical the airline is.

To be honest it gets tiring waiting in corporate lobbies watching flat panel TVs advertising all of the wonderful community things they do. 99% of the transaction with any corporate will be driven by the ability to deliver goods and services, not supporting tree planting. It is not to diminish charity or good intentions, rather to cut back on acting as though they’re angels to avoid being put on an imaginary naughty step that doesn’t exist.

Perhaps CM should recommend a portfolio of non-compliant ESG companies. When the market sells off, all the passive money in ESG compliant names should well underperform those that don’t. Perhaps an asset manager should establish an ETF with a basket of companies that just provide product or service rather than garnish it with lashings of corporate virtue. Here is betting it would be a contrarian winner.