ESG and Energy Security

…ESG and Energy Security…

Three previous articles exposed an international effort to impose sustainability standards on the United States.

The three articles examined the potential effects of incorporating climate change and sustainability measurements in audited financial statements.

(Links to these three earlier articles are shown below.)

Until the introduction of ESG, Americans could trust that the FASB would establish unbiased, accounting principles without political interference. Now, there is an effort for the FASB to incorporate ESG standards which would force corporations to adopt ESG. (See link to Part 1, below.)

This effort is continuing.

Here is a recent announcement about the inaugural symposium on ESG to be held on February 16, 2023, in Montreal, Canada:

“The inaugural IFRS Sustainability Symposium convenes global businesses, investors and policymakers to discuss progress towards a global baseline of sustainability disclosures to inform investment decisions.”

Here are some of the topics and a partial list of speakers.

Keynote speaker: 

• Mark Carney, UN Special Envoy for Climate Action and Finance and Co-Chair for the Glasgow Finance Alliance for Net Zero.

Panel 1: Report on feedback:

• Gabriela Infante, Director, Corporate ESG, T. Rowe Price
• Yasunobu Kawanishi, Chair of Sustainability Standards Board of Japan

Panel 2: Global baseline: Pending or pipe dream?

• Abigail Ng, Executive Director of Markets Policy & Infrastructure, Monetary Authority of Singapore
• Grant Vingoe, Chief Execurite Officer of Ontario Securities Commission

Panel 3: How to bring emerging economies and small companies along for the ride.

• Eliane Ubalijoro, PhD, Global Hub Director, Canada, Future Earth
• Matthew Gamser, Chief Executive Officer, Small and Medium Enterprise Finance Forum, International Finance Corporation

Panel 4: Comprehensive reporting:

• Barry Melancon, President & CEO, American Institute of CPAs and CEO, Association of International Certified Professional Accountants
• Pamela Steer, President and CEO, CPA Canada
• Andreas Barckow, IASB Chair

A glance at some of these organizations should raise eyebrows. 

• T Rowe Price? 
• Ontario Securities commission?
• American Institute of CPAs?
• CEO, Association of International Certified Professional Accountants?

Why are these organizations promoting the adoption of ESG standards by American financial institutions, such as the FASB and SEC?

It’s because they are moving ahead with plans to have America’s legal institutions enforce ESG standards to prevent the use of fossil fuels.

Let others know about this article by using this link in an email bit.ly/3WRjZBi

Links to earlier ESG articles:

Destroying Energy Security, Part 1, link: https://bit.ly/3C1a5Xd 

Destroying Energy Security, Part 2, link: https://bit.ly/3JVGWyD 

Destroying Energy Security, Part 3, link: https://bit.ly/3A8cvRl 

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