TN-5 Candidate Andy Ogles Condemns Draft SEC Rule That Threatens Farmers and Others

Maury County Mayor Andy Ogles, a Republican candidate in the August 4 primary for Tennessee’s 5th Congressional District, announced Tuesday that he is joining U.S. Representative John Rose (R-TN-6) in criticizing proposed Securities and Exchange Commission (SEC) regulations that impose requirements on public companies regarding their non-financial activities. 

“The proposed enhanced reporting requirements that will pressure public companies to pursue liberal political objectives regarding their environmental, social impact, and governance (ESG) policies rather than sound profit and business objectives is quite simply an assault on capitalistic and free-market principles,” Ogles said.

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Senator Hagerty Promotes Participation in Letter Telling SEC to Back Off ESG Regulation Affecting Farmers

Tennessee U.S. Senator Bill Hagerty touted his participation on Saturday in a letter signed by more than 30 senators to Securities and Exchange Commission Chairman Gary Gensler  pushing back against a proposed Environmental, Social, and Governance (ESG) regulation that would harm America’s farmers.

The proposed rule is entitled, “Enhanced and Standardization of Climate-Related Disclosures for Investors.”

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Rep. John Rose Leads Bipartisan Letter Defending Farmers Against New Environmental, Social, and Governance Investment Regulations

U.S. Representative John Rose (R-TN-06) led a bi-partisan letter to Securities and Exchange Commission Chair (SEC) Gary Gensler defending America’s farmers against a proposed new Environmental, Social, and Governance (ESG) regulation.

In March, the SEC proposed a new ESG rule that would require public companies to include “climate-related” disclosures in their registration statements and periodic reports.

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Bank of America Shareholders Band Together Against Company’s ‘Woke’ Practices

A group of shareholders in America’s largest bank has banded together to fight against the company’s “woke” policies.

Members of a group called The Boardroom Initiative issued a shareholder proposal that rebuked some of Bank of America’s “wokeness,” and though the proposal was shot down, members of the group remained upbeat.

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States Preemptively Banning ESG Practices Pushed by Big Capital

States across the country are preemptively banning Environmental, Social and Governance (ESG) scoring, which some say would lead to a massive consolidation of wealth among the most powerful investment companies in America. 

“In an attempt to secure vast amounts of wealth and influence over society, corporations, bankers, and investors, working closely with key government officials, have launched a unified effort to impose environmental, social, and governance (ESG) standards on most of the industrialized global economy. (ESG standards are also referred to as ‘sustainable investment’ or ‘stakeholder capitalism.’),” Justin Haskins at The Heartland Institute said. 

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Commentary: BlackRock CEO Larry Fink Warns Environmental, Social and Governance Investors Ukraine War Will ‘Slow the World’s Progress Toward Net Zero’ in Near Term

Larry Fink

Blackrock CEO Larry Fink warned Environmental, Social and Governance (ESG) investors in his $10 trillion hedge fund’s annual shareholder letter that Russia’s invasion of Ukraine — and the resulting Western sanctions on Russia — had disrupted globalization and interdependent supply chains and would result in “increasing oil and gas supply” in the U.S. and “coal consumption may increase over the next year” in Europe and Asia to offset the drop in Russian exports.

As a result, Fink projected, “This will inevitably slow the world’s progress toward net zero in the near term,” referring to ESG goals like net zero global carbon emissions by 2050 that would encounter challenges, particularly as American consumers pay much higher prices with consumer inflation up 7.9 percent and producer inflation up 10 percent the past twelve months.

Those price pressures will mean more oil and gas production immediately, Fink said.

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2ndVote Advisers’ Dan Grant Talks About the War on Small Business and Being Taxed Out of Existence

Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed CEO of 2nd Vote Advisers Dan Grant in studio to discuss the newly proposed Sensible Taxation and Equity Promotion Act and how it will harm small businesses.

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Crom Carmichael Discusses the Powerful Alliances of the Administrative State

Wednesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed all-star panelist Crom Carmichael in studio to discuss the alliance of the administrative state under a Biden administration and how ESG equals CCP.

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Commentary: ESG Investing Is Politics by Other Means

Before Joe Biden’s election, environmental, social and governance (ESG) investing was sweeping all before it. Wall Street was coming to the planet’s rescue and saving capitalism at the same time. It was a self-serving myth. As I show in my new report Capitalism, Socialism and ESG published today, doing well by doing good is no more than Wall Street sales patter. But since the election, financial regulators have been falling over themselves playing catchup.

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