An Oil Company Shows Wall Street How to Do ESG

An Oil Company Shows Wall Street How to Do ESG
Treasury Secretary Janet Yellen speaks after touring the IRS New Carrolton Federal Building, in Lanham, Md., on Sept. 15, 2022. Alex Brandon/AP Photo
Rupert Darwall
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Commentary

In his essential book, “How the World Really Works,” scientist Vaclav Smil writes of modern urbanites’ profound ignorance about the energy and material requirements of the modern world. “We are a fossil-fueled civilization,” Smil writes. “We cannot simply walk away from this essential determinant of our future in a few decades, never mind years.” Smil ascribes the delusive belief that society can forsake fossil fuels to a commingling of fact and fiction, making gullible minds susceptible to cult-like visions.

Rupert Darwall
Rupert Darwall
Author
Rupert Darwall is a senior fellow of the RealClear Foundation and author of the books “The Age of Global Warming: A History,” “Green Tyranny: Exposing the Totalitarian Roots of the Climate Industrial Complex,” and “Going Through the Motions: The Industrial Strategy Green Paper.” Darwall also authored the reports “The Climate Noose: Business, Net Zero, and the IPCC’s Anti-Capitalism,” “Capitalism, Socialism and ESG,” “Climate-Risk Disclosure: A Flimsy Pretext for a Green Power Grab,” “The Anti-Development Bank: The World Bank’s Regressive Energy Policies,” and “The Folly of Climate Leadership.”
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