Now that it’s been exposed to close scrutiny and serious pushback, the environmental, social, and governance, or ESG, facade is cracking. This month, S&P Global dropped the use of ESG scores to assess corporate borrowers. The architect of ESG, BlackRock CEO Larry Fink, recently admitted the term…
that recent rate increases on consumers are partially the result of the company’s expenditures on “green” technologies, and Duke is just getting warmed up. It is warning customers to expect more rake hikes soon. Over the next decade, Duke intends to spend an additionalon green energy infrastructure and its pursuit of the so-called net-zero transition.
This money won’t be coming from Good’s salary. It will be paid for by Duke customers. By late 2025, Duke expects North Carolina customers will see their bills increase byIf raising rates to hit unnecessary ESG targets wasn’t enough, Duke is also planning to force customers to subsidize the building of expensive electric vehicle charging stations that mainly service their highest-income customers.
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