Elon Musk criticizes woke ESG initiatives as ‘rebranded communism’.
Elon Musk: ESG is “Communism Rebranded”
In a recent interview, Elon Musk didn’t hold back in criticizing environmental, social, and corporate governance (ESG), calling it a “rebranded” form of communism. Musk made these remarks during a discussion on an X Space, where he expressed his concerns about corporations investing in the woke agenda.
Musk stated, “We don’t basically do some sort of like bizarre, like communism rebranded thing, which is like a lot of what ESG is and to be inflicted upon corporate America without the knowledge of the actual shareholders, which is what’s going on!” He further warned that major firms like BlackRock and Vanguard are setting themselves up for potential class action lawsuits.
Watch the interview:
🚨 @ElonMusk calls the ESG scam “communism rebranded,” predicting rogue asset managers (like @BlackRock) will face the largest class action lawsuits in history over their political activism: pic.twitter.com/HITs0mZfQl
— Will Hild (@WillHild) July 31, 2023
This is not the first time Musk has criticized ESG. In the past, he has even referred to it as the “devil.” Independent journalist Michael Shellenberger also highlighted the World Economic Forum’s use of ESG criteria, prompting Musk to comment that “the S in ESG stands for Satanic.”
Musk has also pointed out the inconsistencies in ESG ratings. Last year, he noted that S&P Global gave ExxonMobil, an oil and gas conglomerate, a high ESG score, while Tesla, a company focused on reducing climate change through electric vehicles, did not make the list.
Musk tweeted, “Exxon is rated top ten best in the world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list! ESG is a scam. It has been weaponized by phony social justice warriors.”
Exxon is rated top ten best in the world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list!
ESG is a scam. It has been weaponized by phony social justice warriors.
— Elon Musk (@elonmusk) May 18, 2022
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...