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<blockquote data-quote="Veteran" data-source="post: 2585945" data-attributes="member: 118038"><p>These new ESG accounting standards Canada is imposing sound like the death knell of any democracy at all. If you bankrupt all small business and farms, whats left? Big Corps and government?</p><p>Toe the line, work for the man, or dont eat?</p><p></p><p>The new global environmental, social and governance (<a href="https://www.theepochtimes.com/t-esg" target="_blank">ESG</a>) accounting standard that is about to be implemented in Canada may well prove fatal to all but the biggest of businesses. According to Dr. Tammy Nemeth, the new carbon emission standards and policies are designed to strangle the hydrocarbon industry by "disqualifying it from financing, insurance and investment dollars."</p><p></p><p>This new standard has been drafted by the International Financial Reporting Standards Foundation (IFRS) and is to be imposed upon Canada by the International Sustainability Standards Board (ISSB).</p><p></p><p>The supposed purpose of the new global baseline for sustainability and climate-related disclosure is to fight "greenwashing." In other words, its stated purpose is to stop businesses from cheating on their carbon footprint report. But it's more likely to destroy most of them in the process of trying to comply with the stringent and complicated rules.</p><p></p><p>I think we all need to worry about Canada. They are falling into the same traps Europe did and is on energy security.</p></blockquote><p></p>
[QUOTE="Veteran, post: 2585945, member: 118038"] These new ESG accounting standards Canada is imposing sound like the death knell of any democracy at all. If you bankrupt all small business and farms, whats left? Big Corps and government? Toe the line, work for the man, or dont eat? The new global environmental, social and governance ([URL='https://www.theepochtimes.com/t-esg']ESG[/URL]) accounting standard that is about to be implemented in Canada may well prove fatal to all but the biggest of businesses. According to Dr. Tammy Nemeth, the new carbon emission standards and policies are designed to strangle the hydrocarbon industry by "disqualifying it from financing, insurance and investment dollars." This new standard has been drafted by the International Financial Reporting Standards Foundation (IFRS) and is to be imposed upon Canada by the International Sustainability Standards Board (ISSB). The supposed purpose of the new global baseline for sustainability and climate-related disclosure is to fight "greenwashing." In other words, its stated purpose is to stop businesses from cheating on their carbon footprint report. But it's more likely to destroy most of them in the process of trying to comply with the stringent and complicated rules. I think we all need to worry about Canada. They are falling into the same traps Europe did and is on energy security. [/QUOTE]
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