Elon Musk slammed environmental, social, and corporate governance (ESG) during an interview late last week, saying it was effectively a “rebranded” form of communism.
Musk made the remarks during a Friday discussion on an X Space while discussing corporations investing in implementing the woke agenda into their firms.
“We don’t basically do some sort of like bizarre, like communism rebranded thing, which is like a lot of what ESG is and to be inflicted upon corporate America without the knowledge of the actual shareholders, which is what’s going on!” Musk said.
“The big firms that you hear are BlackRock, you know, Vanguard, all them, they’re like, they’re setting themselves up for the biggest class action lawsuit in the history of class action lawsuits by an order of magnitude!” he added.
WATCH:
???? @ElonMusk calls the ESG scam "communism rebranded," predicting rogue asset managers (like @BlackRock) will face the largest class action lawsuits in history over their political activism: pic.twitter.com/HITs0mZfQl
— Will Hild (@WillHild) July 31, 2023
Musk has repeatedly slammed ESG over the last few years, going as far as to call it the “devil.”
Earlier this year, independent journalist Michael Shellenberger posted a thread about the World Economic Forum’s secretive finances. When he mentioned that the controversial organization utilizes ESG criteria, Musk commented that “the S in ESG stands for Satanic.”
Last year, Musk noted that S&P Global provided oil and gas conglomerate ExxonMobil with a stellar ESG score, while Tesla, which claims a mission of reducing climate change through electric vehicles, did not make the list.
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“Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list!” Musk tweeted. “ESG is a scam. It has been weaponized by phony social justice warriors.”
Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list!
ESG is a scam. It has been weaponized by phony social justice warriors.
— Elon Musk (@elonmusk) May 18, 2022