State AGs fight monster corp from turning the screws on household energy consumption

ESG (Environmental, Social, Governance) standards are designed to gut consumption of energy. Affecting all fuel sources by promoting the irrational concept that CO2 is toxic to the earth, ESG demands implementing an impossible-to-achieve NetZero policy. Allowing ESG ideals to infiltrate and drive public utilities’ operations would cause energy availability to plummet while escalating rates, creating havoc with household and business budgets, and decreasing every industry’s production. (Memory refresher: it was Biden admin policy that denied power to Texas in 2021 creating billions of dollars in property loss, as well as lives endangered and ultimately lost to the great freeze.) Focusing on the Vanguard scheme, 13 state attorneys general have filed a complaint with the Federal Energy Regulatory Commission protesting the attempted monopolization of energy production and distribution to citizens. From the "Motion to Intervene and Protest by the States and Attorneys General of Utah, Indiana, Alabama, Arkansas, Kentucky, Louisiana, Mississippi, Montana, Nebraska, Ohio, South Carolina, South Dakota, and Texas" submitted to the FERC, filed 11/28/22:

"For example, PacifiCorp, which serves Utah, is owned by Berkshire Hathaway Energy, which is owned by Berkshire Hathaway, Inc. (Berkshire). In 2022, Vanguard supported climate disclosure for certain of Berkshire’s "carbon-intensive operating companies" and also noted that "[c]ertain of Berkshire’s operating companies have also made net GHG emissions commitments." Berkshire Hathaway’s website shows that currently 20% of PacifiCorp’s energy comes from coal or natural gas generation. In Utah, this includes the Currant Creek, Hunter, and Huntington facilities. Consumers in Utah would be harmed if their costs went up because of closure of these facilities or substitution of more expensive energy sources."

We’re being "de-heated" out of house and home… and car and work and…

A double-standard is apparent as Vanguard works to acquire voting shares on energy company boards, limiting the use of so-called fossil fuels, while investing in oil companies. Among these are companies developing natural gas projects targeting non-US markets while Vanguard champions ESG that discourages the use of this fuel here at home. Amid applied pressure to halt use of natural gas – Montgomery County, Maryland is banning natural gas heating for new buildings – Penn America Energy LLC is planning to build an LNG export facility for Europe on the Delaware River. Biden is also forging ahead with exporting American oil by permitting a huge offshore port near Houston, TX while thoroughly depleting the Strategic Petroleum Reserve, selling off much of it to China. It’s the rapid rise of energy rates that concerns the states where Vanguard intends to purchase public utilities. Not only does Vanguard and other fund managers like Blackrock, which owns shares in Houston port developer EPO (EPP), have holdings in oil/LNG producers, they are doubling down on cutting US consumption while profiting from exporting the same fuel they’d deny Americans. In addition, ESG proponents are on the bandwagon to impose reparations to third world nations that was pledged at COP 27 in Sharm El Sheikh, Egypt earlier this month. With the Biden administration regulating dramatic increases to the virtual cost of carbon exhaust, it will levy huge hikes in energy rates carried by households and industry. In case you thought carbon credits were arcane, the EPA is proposing to nearly quadruple the "value" of a metric ton of CO2 from $51 to $190 that would fund reparations to go to the worst international carbon polluters such as India and even China. If all this sounds insane, it is. Gargantuan corporations have created a scenario where they make outrageous profits by playing both sides against the middle with average citizens getting crushed from all directions. Switzerland exemplifies the worst in ESG policy. Having shut down their own nuclear generation to rely on underperforming hydro/solar and France’s declining nuclear power system, they are caught between a rock and a hard place. The only option the Swiss government sees to deal with the heating needs of a harsh winter is to ban non-emergency electric vehicle use and restrict home and commercial power. We’re being "de-heated" out of house and home… and car and work and…