TD₿: Debunking the ESG Attack on Bitcoin by Spencer Nichols
TL;DR This is a great "how to guide" for refuting the thin arguments against Bitcoin's energy use.
Hey Bitcoiners,
There seems to be a pendulum shift occurring when it comes to ESG policies. People are fed up with the virtue signaling and the lack of results when it comes to ESG-driven solutions that have resulted in shortages of reliable energy and rising energy costs for consumers.
Just last week, we saw the Louisiana treasurer pull $794 million of state money from BlackRock funds, citing the asset manager’s support for ESG investing. In addition, Missouri withdrew $500 million of pension assets from BlackRock, criticizing the firm for prioritizing ESG concerns over shareholder returns.
The recent European energy crisis has put an additional negative spotlight on these ESG green energy policies. Many are laying the blame at the feet of governments that prioritized adhering to top-down climate change agendas while forgetting that the three most important aspects of any energy policy are affordability, security, and reliability. Now, these policy decisions are backfiring horribly on them.
As European governments shut down reliable energy sources and subsidized intermittent wind and solar development, they offshored their oil and gas needs to a foreign adversary. When the winds of war came, they suddenly were caught with their pants down, and now it is the European people that will ultimately suffer from their mistakes.
These policy decisions have placed families and businesses all over the continent in a precarious situation as they struggle to afford skyrocketing energy prices as we head into the cold winter months.
Yet despite all of this, ESG still remains engrained in a lot of peoples’ minds, and many individuals have been conditioned to think energy use is inherently bad. It is critical to human flourishing. However, this idea goes over ESG proponents’ heads as they frequently attack Bitcoin’s energy use.
Spencer Nichols wrote this guide to help Bitcoiner debunk the ESG attack on Bitcoin. (10/19/2022)
It’s important to note that you can be pro-environment and anti-ESG. You can agree that we should search for more effective energy solutions while criticizing the imprudent ESG policies that led Europe into its crisis.
Bitcoin mining is a solution that will help humanity achieve its energy goals far more than any solution being proposed by ESG agendas today. If ESG was serious about improving the environment, they would embrace Bitcoin, not attack it.
Tick tock next block,
Cory Klippsten
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“Perhaps the real enemy is ESG. ESG is just a hate factory. When you think ESG, you should think CCP.” - Peter Thiel
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