Veren Inc T.VRN

What is your ESG/Social credit score

[Dogsbreakfast4U]

Loans interest rates used to be related to the ability to repay the loan. This is no longer the only criteria for many corporate loans. Financial institutions are now adjusting credit interest rates based on so called ESG considerations. ESG is essentially a social credit score. Rates for many corporate loans are based on whether the company meets certain set targets regarding minorities, women, carbon use, etc. It is a matter of time before this is applied to all of us as we apply for credit. How much carbon do we use or consume will be one of the questions we will have to answer when we apply for a loan. I see that you drive Ford Heavy Duty pick up! You have a boat!  You travelled by plane 8 times last year! You own shares in O&G companies! You are a bad boy, sorry person are you...

[UnderTheRadar]

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[Anschutz]

Exactly. The 1% elites of course will not be effected by this as they will just use their enormous wealth to buy credits or employ other measures to bypass restrictions.  Those that have nothing, unwilling to put in the effort and/or take the risk to succeed in life are being weaponized by the elites.  They are using the 'have nots' to attack everyone in the middle; thereby