Don’t fall victim to ESG investment ‘scam’ – Chico Enterprise-Record
Last month I received the CalPERS Membership newsletter, in which the CEO and the board stated ESG would be a qualifier for investing in companies.
Congress recently passed, on a bipartisan basis, House Joint Resolution 30, which protects hard-earned retirement funds from Environmental, Social, and Governance (ESG) investing. ESG investing places woke leftist political agendas, such as climate change, over prudent financial decision making designed to maximize an investor’s portfolio. The risk to the members and their savings is significant.
Elon Musk has referred to ESG as a social justice warrior “scam.”
I urge all CalPERS members to contact Marcie Frost, CEO, and CalPERS board members. (Theresa Taylor, David Miller, Malia M. Cohen, Fiona Ma, Lisa Middleton, Eraina Ortega, Jose Luis Pacheco, Kevin Palkki).
Thank you.
— John Blenkush, Forest Ranch
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