Last week a story broke that received very little attention and I wouldn’t have thought anything of it if I wasn’t aware of the Great Reset and ESG. On Monday of last week, the Securities and Exchange Commission voted 3 to 1 for a new rule that would ” compel companies to disclose how climate risks affect their business, outline their own greenhouse gas emissions and report on climate-related targets and goals” according to CNBC.
Of course they are selling this to you as something that is only for you to be able to make a more informed investment. According to SEC Chairman Gary Gensler “I really do think that the SEC has a role to play here when this amount of investor demand and need is there,” he said, noting that future risks often affect what traders think of an investment. According to Gensler, investors are interested in things like climate change when making an investment and want to know if that company would still be profitable in the future.
If you have been reading my articles on the Great Reset I have been warning about what is coming. We started off by being told that the Great Reset isn’t happening. Then when that was disproven with actual documents, the narrative switch to “well okay, it is happening but this is a good thing. ESG scores are only so that you can make a more informed investment.” But it’s not going to end there. The next step is going to be enforcing these policies and any company that isn’t environmentally friendly enough (E), social justice friendly enough (S) or things like does the board have a certain number of minorities (regardless of qualifications) or who does the board make political donations to (G), is going to get a low credit score. The lower the credit score, the harder it is going to be to get things like a loan. Companies, private investors, and YOU will be forced to comply when ESG fully takes effect.
This new proposed law isn’t law yet, but some version of it likely will become law. The public, including businesses, investors and other market participants will have 60-days to make comments and offer changes to the proposals. If the rules are approved, this will be phased in. Companies with over $700 million worth of shares on the public market would have the most aggressive phase-in period and would be expected to file climate-related data to the SEC in fiscal year 2023.
For more on the Great Reset, ESG and what is coming, visit Mikulawire.com and click on the Great Reset tab at the top of the page. There you will find over 30 articles that I have written on the topic.
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