Democrat ESG Energy Crisis ‘Just Wrong’

PITTSBURGH, PA — House Republican Leader Kevin McCarthy (R-CA) told Breitbart News in an exclusive interview that Democratic ESG [Environmental, Social, and Governance] The energy agenda is “simply wrong” and that a majority of House Republicans would lower energy prices.

McCarthy spoke to Breitbart News ahead of the unveiling of the House GOP agenda, America’s Commitment. One of the key aspects of the Engage America agenda is ensuring a strong economy.

Instead of enacting policies to lower gas prices, House Democrats held hearings blaming oil and gas prices for rising energy prices under President Joe Biden’s watch.

Instead, McCarthy said the Engage America agenda would lower gas prices.

“We’ve watched what the Democrats and Biden have done to our gas costs, but as we head into winter, home heating has gone up three, four, five times. This is the mistake. We will reduce this cost. We’re going to let you keep more than you’ve earned,” said the conservative from California.

“We want to change all that. And that’s what we’re talking about here — how the commitment to America has a plan for every challenge to make our economy stronger. That means stopping inflation, reducing the price of fuel, making our community safe,” he added.

House Republicans believe they are freeing up American energy production and making America the world’s largest energy producer again, as it was under former President Donald Trump. The House Republicans’ energy plan includes:

  • Maximizing American Made Energy Production
  • Cut the licensing process in half to reduce reliance on foreign countries
  • Reduce the cost of your gas and utility bills

As part of ensuring a strong economy, Republicans remain committed to lowering natural gas prices, as Democrats in Congress and the Biden administration, as well as many companies, have pushed environmental, social and governance (ESG) policies that would push the America away from less expensive and more reliable energy like natural gas to unstable and more expensive energy sources like solar and wind power.

The House Republican Study Committee (RSC) has suggested other possible solutions to lower energy prices by curbing the ESG movement. Congressional Democrats, the Democratic-led Securities and Exchange Commission (SEC), and the world’s largest asset managers, BlackRock, StateStreet, and Vanguard, have pushed the ESG movement. Mainly, these Wall Street firms push investors in “socially responsible funds” to invest in funds based on criteria such as greenhouse gas emissions or a CEO’s compensation.

The Biden White House has deep ties to BlackRock.

Members of the United Mine Workers of America demonstrate during a strike against Alabama’s Warrior Met Coal at BlackRock’s offices in New York on Wednesday, July 28, 2021. (Angus Mordant/Bloomberg via Getty Images)

Brian Deese, chairman of Biden’s National Economic Council (NEC), also led BlackRock’s Global Head of Investing. As Consumers’ Research put it, Deese helped push the ESG agenda.

House Republicans have proposed several solutions to curtail the ESG movement:

Representative Andy Barr (R-KY) and Representative Rick Allen (R-GA) have proposed the Ensuring Sound Guidance (ESG) Act, which would force investment advisers and ERISA plan sponsors to prioritize maximizing financial returns against the ‘pseudo ESG factors’.

Reps. Bill Huizenga (R-MI) and McHenry proposed HJ Res. 88, which would repeal the Securities and Exchange Commission’s proposed regulation on climate risk disclosures.

Representative Bryan Steil (R-WI) has proposed the Corporate Governance Reform and Transparency Act, which would restrict proxy advisors like ISS and Glass Lewis by requiring those proxy advisors to register with the SEC, disclose conflicts interests and make their methodologies public.

Representatives Huizenga and Representative Blaine Luetkemeyer (R-MO) introduced the House passage of the INDEX ACT, which will empower American investors by giving them a seat at the table and providing transparency in the corporate governance system.

Consumers’ Research, a non-profit advocacy group, has worked tirelessly to raise awareness of how these big Wall Street firms have driven up energy prices.

As part of its awareness campaign, Consumers’ Research argued that:

  • Retail investors are reconsidering the use of BlackRock’s services, especially any passive investment funds, such as the iShares brand of funds, and are considering alternatives that do not abuse their fiduciary role.
  • Employees should consider contacting their human resources department to see if BlackRock manages their company’s 401(k) accounts or retirement funds.
  • Individuals with state or municipal pensions should contact state officials to find out whether any portion of their pension fund is managed by BlackRock.

McCarthy said the Democratic agenda, which has led to higher inflation and higher energy prices, has eroded Americans’ ability to save and get by. He said the Engage America agenda will work to end that.

“Today, through all the voters would have to ask this question, could you give up a month of your wages, 90% of Americans say no, they couldn’t afford it. But you know, the sad thing is that it’s already been taken away from them. Because inflation is over 8.3 percent,” McCarthy explained. “It took a whole month of your wages. Now you have to live a whole year, with only 11 months of your pay. We want to change all that. And that’s what we’re talking about here is how the commitment to America has a plan for every challenge to make our economy stronger. That means stopping inflation, lowering the price of fuel, making our communities safe.”

Leave a Reply

Your email address will not be published. Required fields are marked *