Political Quotes

“I was delayed in joining my colleagues here to talk about this so-called anti-woke capitalism, or anti-ESG scheme, that has been propagated. I think the important thing to begin with is to understand what is happening out there, why this has happened. The Republicans would like us to believe that some bizarre, viral epidemic of wokeism has spread into America's great financial companies, into the investment advisers, into the banks, into all kinds of fiduciaries, and that that needs to be somehow excised. That is not what has happened. That is preposterous, magical thinking. What has happened is that the long forecasted dangers of climate change that scientists have been telling us about for years have now gotten so real and are so immediate that they have hit the due diligence horizon for big banks, big investment companies, corporate boards, and other fiduciaries. When you owe somebody else a fiduciary duty, like your shareholders or your investors or your customers at a bank, then you have to tell them the truth, and you have to tell them the truth about risks. The risks associated with climate change--the risks caused by the fossil fuel industry's relentless emissions--are now so real and so immediate that they can't be denied by big institutions that have no real interest in climate change but are absolutely obliged to tell the truth as fiduciaries.…”