Glenn has been warning about ESG for a while now, urging us all to take a stand against it. It’s a credit-style system placed onto corporations, ranking them based on environmental, social, and governance scores. Those scores can then affect the company's loans, financial stability, or banking relationships. And soon, ESG may be ranking YOU, too. But, thankfully, Americans have been taking a stand. And that stand seems to be working. In this clip, Glenn details four recent stories that show ESG may be on the decline…
TranscriptBelow is a rush transcript that may contain errors
GLENN: Good news on the ESG front.
Insurance company, lords of London, has announced its exit from a net zero alliance. For insurers.
This is the sixth insurance company in the last couple of weeks.
The Net Zero Alliance convened by the United Nations, seeks to commit group members composed of the world's leading insurers, and reinsurers, to fight climate change.
As part of this, members have to transition their insurance and reinsurance, under portfolios to net zero greenhouse gas emissions by 2050.
On Friday, Lloyds of London quit the Net Zero Association, took the total members who have quit. I'm sorry. Not last couple of weeks. One week.
Last week alone, to six, which represents a fifth of the total 30 members. Since March, the total of ten members, have walked.
STU: Yeah. Yeah. Good.
GLENN: This is really, really good.
How about this one?
Germans are questioning. Remember, you American. You right-wing American. Hate-mongering. Mao information delivering conspiracy theorist.
We're not banning gas. We're not thinking about banning gas stoves or gas heaters.
We're not doing it. Except we are.
The Germans, such right-wing conspiracy theorists. Germans are banning gas and oil boilers.
And replace them with electric heat pumps.
Germany wants to become net zero by 2045. To this and the government recently announced, it will ban gas boilers, effectively forcing people to switch to heat pumps.
Because our electricity will be much better for the planet.
Yeah. Because we won't be making any.
The cost of the ban is estimated at over 9 billion euros.
Or $10 billion.
And that's annually, annually, until 2028.
So they're upset go. They're starting to March in the streets as well. How about this one? This is the first time. This is the first time. This is how you know climate change is complete bullcrap. Okay?
Because insurance companies are still writing 30-year insurance policies for Miami. Well, I thought it was going to be underwater.
STU: Yeah, there's a lot of construction in Miami. I don't know if you have been there recently.
GLENN: How do you get the insurance companies to do it? They're writing it? It's all going to be destroyed by water. How does anybody afford insurance on an island or a coast or a Malibu?
Okay. They can do it because global warming is bullcrap.
Now, State Farm general insurance has now stopped accepting all new application for business and personal lines of property and casualty insurance today for California.
Now, see. See. You can't get insurance.
Because -- now, they say, due to historic increases in construction, costs. Outpacing inflation.
Rapidly growing catastrophe exposure, and challenging reinsurance market, the change does not affect existing home insurance.
If you already have that. Just new. State Farm is one of California's biggest insurers. The biggest home insurer by premium volume.
They say, global warming. But what they're citing is wildfires. Mudslides.
STU: All from global warming.
GLENN: Yeah. All of it, from global warming.
So here's what's going to happen: State Farm pulls out and says, we're not going to insure anything anymore.
The government will step in and say, well, we have to have insurance.
And so the United States government will step in, to insure all those houses that really shouldn't be there, California.
I mean, if you're worried about wildfires and mudslides. And the coastline. You should just pack up all those houses and go away.
You should go is someplace, like Puerto Rico.
No. I like Puerto Rico.
You should go someplace. Well, maybe you'll be happy in Canada. I usually like Canada.
But it's gone away. You'll be happy there. They're already putting people to sleep. No pills for grandma. Let's kill her. You will love Canada.
Now, let me take a one-minute break.
And come back, and tell you about Target.
Oh, I feel -- I feel so bad about what's happening to Target. Yeah. Their losses are starting to pile up.
People don't seem to be slowing down on this.
And you'll never guess who is involved in making sure that they're ESG compliant.
Yeah. You know what, it's almost the same group of people, that wanted those crazy, you know, transgender nuns.
At the baseball game. Maybe they were canceled. And they were like, whoa. Whoa. We didn't realize, our conscience.
We couldn't sleep at night, doing that. This wasn't because of pressure at all.
We want those lesbian trans nuns right here for baseball.
Because baseball apple pie, and transgenderism.
That's what we've always said.
Yeah, is it? Or was there a wee bit of pressure?
You don't know, that's not what God sounds like. Do you? Do you?
STU: I guess technically no.
GLENN: Might have been a big Pall Mall smoker in the day. You know what I mean?
Whoa, the '50s came around. I got kind of lost in that Camel cigarette thing.
Anyway, so there were bomb threats, apparently at Target. But there weren't bomb threats at Target. So everybody was freaking out. They -- this is what happens when you target LGBTQ people.
Except, it appears, it is from LGBTQ people.
But we found out, that they are not violent.
The extremist right is. But they didn't send it either.
It appears as though, this was Russian disinformation.
Yes! We've tracked it down. The Russians are trying to make us hate each other.
You think so? You think so? Now, the only problem is, I have absolutely no trust in the FBI. FBI came out, we tracked you town. It was the Russians.
Was it? Weren't you guys tracking the Russians with Donald Trump?
Yeah. But that was -- that was different. You really did do that with a prostitute at a hotel.
Oh, did he? So here's some good news. Target has lost about $10 billion. Stock keeps going down. People are leaving. Now, we just found out, that they are big with educational people, special interest groups.
Not necessarily. Not necessarily associated with the teacher's unions.
But they are with GLSEN. G-L-S-E-N, which is a bunch of other people.
That a lot of them are in the LGBTQI+. Don't know what the S is. But anyway, it's a great network.
And they have been working with the schools, to make sure that teachers keep all of the information about your children, transitioning, there in the school.
No. No, we're not going to tell any parents. The great thing is, if you didn't think Target was a problem before, I just want you to know, that they donated at least $2.1 million to GLSEN. So they could, you know, teach the districts and the students how to hide their transgenderism, and their transitions from their parents.
And I think that is, yeah!
Yeah. So if you just wanted a little extra, you know, understanding of why maybe you shouldn't be pushing what I believe are the greatest shopping carts in America.
Why you should not be pushing those shopping carts. Uh-huh.
How about that one? I mean, you know, unless you don't have a problem with Target helping people in school, keep information about your children from you.