UK’s “ESG” Billionaire Behind US Climate Regulatory Litigation Campaigns – Is It Thriving With That?
From government accountability and oversight
The GAO published research today revealing the breadth and depth of a campaign by “ESG” investors – and one investor in particular – that cost hundreds of millions of dollars and left investors fear that their properties may become worthless, or so near, as a result of adverse regulations and inevitable climate litigation outcomes.
The campaign appeared to be designed to target investments in “ESG” rated institutions, where these activist investors gambled and created part of a financial “bubble”, a The bubble was quickly deflated even before the recent stock market downturn.
A key component of this campaign, as detailed in the article “REAL CLIMATE RISK DISCLOSURE: CASE STUDY: The UK’s billionaire “ESG” is behind the regulatory campaigns. climate litigation of the United States,” is a regulation of the United States Securities and Exchange Commission (SEC). After a campaign in which an investor shelled out more than twenty million US dollars, the Biden SEC proposed the desired rule, commenting on which of the proposed rules would go into effect today.
Research is included or otherwise referenced in GAO comments submitted to the SEC. Read the full article here.
Top
- New research details how millions of dollars directed by a UK investor to fund “climate disclosure” campaigns currently threaten US companies through proposed rule from the Biden SEC and to support US climate litigation despite denials by grant recipients that funds be used for US Targeted Operations
- The agenda has driven billions of dollars to “ESG” managers – who invest in companies that have (or claim to) “Environment, Society and Corporate Governance” priorities – helped create an ESG “bubble” that is now rapidly falling
- The ESG campaign seems like a large and complex rental operation
- An ESG hedge fund investor who describes himself as an “opportunist activist” embodies, spearheading, funding campaigns designed to drive investment away from non-ESG companies; “Describes activism as a tool to protect his investments”
Main attractions
- British billionaire and hedge fund manager “ESG” Sir Christopher Hohn has directed millions of dollars to the climate advocacy industry to spur investment in ESG
- Hohn funds infrastructure to support global climate litigation through a network of groups
- Hohn’s hedge fund profits come from the UK to bail out ESGs, “climate risk disclosures” and climate litigation, e.g. the US
- Despite claims by grantees that Hohn’s charity “has a strict policy against funding any activity related to U.S. litigation,” the funds granted to a Dutch group heavily funded by Hohn that will then be passed on to beneficiaries in the United States, the heart of the US climate litigation industry
- Hohn Foundation maintains strategic oversight over grantees, second or third beneficiaries
- Despite his successful “ethical investor” branding campaign, Sir Christopher recently described his shareholder activism as “opportunistic rather than fundamental”; “He describes activism as a tool to protect his investments”
- A senior Chinese Communist official acts as an “independent climate adviser” for Hohn’s campaign
- This ‘charity’ is considered a historically successful marketing and branding campaign, benefiting Hohn’s ESG investment fund and increasing his net worth.
- While advocacy is underwritten in the form of charity, “climate disclosure” and climate litigation, like all ESG campaigns, can best be viewed as the necessary support mechanisms for the selected portfolio of a particular group of investors
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