Time for Antitrust Action Against Climate Cartel
President Biden has blamed high energy prices on Saudi Arabia and greedy American oil and gas companies. But one clique responsible for sharply rising domestic energy costs is not big oil or a foreign potentate. It is a handful of investment managers who manage trillions of dollars of corporate and state pension fund assets. These executives are raising the price Americans pay for gasoline and home heating, while contributing to the unreliability of the electric grid by issuing self-ennobling Environmental, Social and Governance (ESG) directives that force companies to reduce gas exploration…
