{"id":1949462,"date":"2023-06-16T17:00:02","date_gmt":"2023-06-16T21:00:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musk-calls-the-esg-the-devil\/"},"modified":"2023-06-16T17:01:13","modified_gmt":"2023-06-16T21:01:13","slug":"musk-calls-the-esg-the-devil","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musk-calls-the-esg-the-devil\/","title":{"rendered":"Musk brands ESG as &#8216;the devil&#8217;."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmusk-calls-the-esg-the-devil%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1949462&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">(Photo by ODD ANDERSEN\/AFP via Getty Images)<\/figcaption><\/figure>\n<p>OAN\u2019s\u00a0<a href=\"https:\/\/www.oann.com\/tag\/roy-francis\">Roy Francis<\/a><br \/>1:44 PM \u2013 Friday, June 16, 2023<\/p>\n<p>Billionaire and Tesla CEO Elon Musk slammed Environmental Social Governance (ESG), calling them \u201cthe devil\u201d after the investment data firm S&#038;P global gave his electric car company a lower ESG score than the parent company of Marlboro, Philip Morris.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Why ESG is the devil \u2026 <a href=\"https:\/\/t.co\/uGrH0eBoMs\">https:\/\/t.co\/uGrH0eBoMs<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1668829554448777216?ref_src=twsrc%5Etfw\">June 14, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>Tesla received an ESG score of 37 out of 100 while the cigarette maker scored an 84. The scores were also criticized by Washing Free Beacon journalist, Aaron Sibarium on Twitter.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cHow could cigarettes, which kill over 8 million a year, be deemed a more ethical investment than electric cars?\u201d he tweeted, \u201cOne answer: Tobacco\u2019s gone woke.\u201d<\/p>\n<\/blockquote>\n<p>Another company that received a higher ESG score than Tesla is ExxonMobil, one of the world\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musk-calls-the-esg-the-devil\/\" title=\"Musk brands ESG as 'the devil'.\">largest publicly traded international oil<\/a> and gas companies.<\/p>\n<p>Musk questioned the reliability of the ESG rating, which is allegedly meant to direct investors towards business that practice ethical business practices, environmental sustainability, and social responsibility.<\/p>\n<p>Musk criticized the reliability of the ratings calling them a \u201cscam\u201d and he said that they have become \u201cweaponized by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-fumes-as-tesla-booted-from-sp-social-enviro-index-that-lauds-exxon\/\" title=\"Elon Musk Fumes As Tesla Booted From S&#038;P Social-Enviro Index That Lauds Exxon\">phony social justice warriors<\/a>.\u201d<\/p>\n<p>The Tesla CEO said that the system is \u201cflawed\u201d and that it does not correctly show a company\u2019s commitment to social responsibility, good governance, and its environmental sustainability.<\/p>\n<p>According to the its website, S&#038;P analyzed 8,000 companies for 1,000 data points which included climate strategies, labor practices, stakeholder engagement, codes of business conduct and board diversity to determine the ESG scores.<\/p>\n<p>Companies often receive have ratings when they invest in causes that are seen as benefitting the environment and fulfilling a \u201csocial good.\u201d<\/p>\n<p>According to the results, Tesla\u2019s low ratings were due to its Social and Governance performance, where it received scores of 20 and 34 out of 100. The electric car company also scored a 60 in its Environmental category.<\/p>\n<p>Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here.\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.oann.com\/alerts\" target=\"_blank\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>National Political Correspondent Neil W. McCabe reports that headlines proclaiming that President Donald Trump walked out on the bill after promising: \u201cFood for everyone\u201d at the Versailles restaurant in Miami\u2019s Little Havana neighborhood are based on a news article that made no such claim.\u00a0<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A daughter\u2019s devotion and love for her father leads her to share her father\u2019s military heroism in her new book Death in Wartime China\u2013 A Daughter\u2019s Discovery. One America\u2019s Stephanie Myers speaks with the book\u2019s author, Judy Goodman, about her and her father\u2019s story.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>National Political Correspondent Neil W. McCabe interviewed Kansas State University doctoral candidate William Pope about his investigation into who erected Jan. 6, 2021,\u00a0a mock gallows on the Capitol grounds.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>On this day eight years ago, the United States political system was rocked harder than it had been in decades when billionaire reality TV show host Donald J. Trump announced his run for President. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>HONG KONG (Reuters) \u2013 Chinese President Xi Jinping discussed the global rise of artificial intelligence (AI) with Bill Gates and said he\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) -Britain\u2019s competition regulator on Friday cleared Amazon.com Inc\u2019s planned $1.7 billion acquisition of iRobot Corp, maker of the Roomba vacuum cleaner.\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BERLIN (Reuters) \u2013 Volkswagen\u2019s battery unit PowerCo will be ready for investors at the beginning of next year, battery chief Thomas Schmall\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) -Binance, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/uk-regulators-ban-binance-the-worlds-biggest-cryptocurrency-exchange\/\" title=\"UK Regulators Ban Binance, The World\u2019s Biggest Cryptocurrency Exchange\">largest cryptocurrency exchange<\/a>, said on Friday that it was leaving the Dutch market because it had been unable to\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk criticized ESG, labeling them &#8220;the devil,&#8221; as Tesla received a lower ESG score from S&amp;P global compared to Philip Morris, the parent company of Marlboro.<\/p>\n","protected":false},"author":2062,"featured_media":1949463,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[6962,9433,8685,7003,4250],"class_list":["post-1949462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-the","tag-brands","tag-devil","tag-esg","tag-musk"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1949462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2062"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1949462"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1949462\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1949463"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1949462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1949462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1949462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}