Buckeye Institute argues ESG hurts farmers and consumers (2024)
| Environmental, social, and corporate governance |
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The Buckeye Institute—a Columbus, Ohio-based think tank—published a report last week arguing that ESG hurts farmers and agriculture and drives up the prices of food and other consumer goods. The more than 40-page report was shared with Fox News:
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The report — published Wednesday by the free market think tank Buckeye Institute — is titled 'Net-Zero Climate-Control Policies Will Fail the Farm' and outlines how farmers will see their operational costs rise by an estimated 34% as a result of net-zero ESG policies. While the report states its findings were 'predictable and unsurprising,' it added that U.S. policymakers seem 'unwilling to address or even acknowledge them.' … Europe has tested many of these policies aggressively for years, and the results have been an unmitigated failure,' [the authors wrote.] 'Despite these resounding warnings from European counterparts, U.S. policymakers have recommitted American industry to the same net-zero emissions standards and have imposed the same kinds of costly mandates on farms and businesses that will ultimately reduce food and energy supplies without achieving their intended benefits.' … Overall, the prices of common grocery items, including American cheese, would increase 78%, beef would increase by 70%, rice would tick up 56%, chicken would see a 39% increase and eggs would be 36% more expensive. Foods that require more carbon-intensive processes to produce saw the largest uptick in prices.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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