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#1109 Vivek Ramaswamy On Using Money As A Weapon

The Pomp Podcast

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Why Is a Scope Three Emissions Cap in Chevron's Best Interest?

The board of Chevron initially opposed the proposal, they thought it made such little sense that they petitioned the SEC to leave it off their shareholder ballot. But then sloppily waddling into that debate are none other than BlackRock, State Street and Vanguard, who in 2021 voted for that scope three emissions reduction plan. That makes about as much business sense as McDonald's voluntarily committing to reduce the adult body weight of anyone who's eaten a Big Mac without asking customer to share in any of that responsibility. And so what do you see the board doing? They adopt the tripling of their target to Chevron new energies, which I don't think competes is unlikely, even based on things

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