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Canadian MP warns new WHO pandemic treaty may enshrine COVID-era freedom restrictions

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MP Colin Carrie

From LifeSiteNews

By Emily Mangiaracina

Colin Carrie recounted the freedom-throttling measures the Canadian government took during the COVID outbreak, warning that the WHO’s Pandemic Agreement may help make such measures permanent.

Canadian Member of Parliament (MP) Colin Carrie warned this week that proposed World Health Organization (WHO) agreements with a passing deadline of late May could “institutionalize” freedom-throttling COVID “pandemic mistakes.”

Carrie recounted the liberty-crushing COVID-era events that took place in Canada as well as around the world during the first-ever Sovereignty Summit held at the U.S. Capitol on Thursday, an event protesting the WHO’s pending threat to the sovereignty of its member nations, attended virtually by political leaders from around the world.

“Since COVID-19’s lockdowns and mandates, Canadians have seen our sovereignty, our charter rights and our civil liberties tested,” said Carrie, going on to point out that Canadian Prime Minister Justin Trudeau has  admitted that he admires the “basic dictatorship” of China.

It was under such a leader as Trudeau that “freedom of speech, freedom of movement, freedom of consent and freedom of medical treatment were all enthusiastically challenged” by the government through “COVID dictates centrally controlled and communicated by the WHO,” Carrie noted.

Trudeau, moreover, “intentionally created an identifiable minority group — anti-vaxxers — and gleefully used all the power of the Canadian government to marginalize, dehumanize and keep over 6 million Canadians from fully participating in Canadian society,” Carrie declared.

He recalled how the Emergencies Act was “used to freeze bank accounts” while “businesses were shattered, seniors and loved ones died alone,” “children’s education was compromised and churches were closed,” affirming that Canadians do not want to relive this scenario during another real or supposed health emergency according to the dictates of the WHO.

Carrie went on to question why the WHO is saying the new Pandemic Agreement is “non-binding” when, according to the MP, the term “non-binding” was removed from the definitions of the treaty.

“Why would any country sign on to a new treaty when we haven’t conducted a serious evaluation of the last pandemic policy response? Will this treaty institutionalize WHO’s COVID pandemic mistakes?”

In a March 20 press release, the WHO called for an “urgent agreement from international negotiators on a Pandemic Accord … to bolster the world’s collective preparedness and response to future pandemics.”

A growing number of public figures as well as U.S. states and elected officials have raised the alarm about the so-called Pandemic Agreement in recent months.

In a letter dated May 22, almost half the U.S. governors, all of them Republicans, signed a letter to President Joe Biden declaring that they will resist any efforts of the WHO to control public policy in America through its proposed “Pandemic Agreement” and amended International Health Regulations (IHRs).

Earlier this month, Sen. Ron Johnson of Wisconsin also rallied every Republican in the U.S. Senate to sign an open letter imploring the Biden administration to reject the pending agreements being considered at the World Health Assembly (WHA) in late May.

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Economy

ESG rankings have no significant effect on investment performance of Canadian public companies

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From the Fraser Institute

By Steven Globerman

Despite claims to the contrary, the ESG rankings of publicly-traded Canadian companies have no significant effect on investment returns, finds a new study published today by the Fraser Institute, an independent, non-partisan Canadian
public policy think-tank.

“While government regulators and some industry executives promote the benefits of ESG investing, there’s no evidence of significant advantages for investors,” said Steven Globerman, senior fellow at the Fraser Institute and author of ESG Investing and Financial Returns in Canada.

Environmental, social and governance (ESG) is a movement designed to pressure businesses and investors to pursue larger social goals. In Canada, due to government securities regulation, publicly-traded companies must disclose ESG-related
information on a range of issues including environmental impact, human rights, and equity and inclusion.

ESG advocates claim that government-mandated ESG disclosures improve the financial performance of companies.
However, the study—the first empirical analysis of the relationship between changes in the ESG rankings of Canadian publicly-traded companies and equity returns— tracked 310 companies on the Toronto Stock Exchange from 2013 to 2022 and found no significant relationship between changes in ESG ranking (upgrades or downgrades) and financial returns, as measured by the price of shares and dividend income.

In other words, advocates for greater ESG disclosures cannot accurately claim—based on Canadian evidence—that requiring companies to provide more information for ESG rankings will significantly affect the financial performance of Canadian
investors.

“Better performance on ESG rankings simply does not translate into better financial performance for Canadian firms,” Globerman said.

  • ESG investing incorporates environmental (E), social (S), and governance (G) considerations into investment decisions. Until recently, ESG-themed investing comprised an increasing share of investments made by professional money managers and retail investors.
  • Financial industry executives and regulators who have promoted ESG-themed investing argue that it will enhance investment performance either by increasing asset returns and/or by reducing investment risk.
  • However, empirical studies, on balance, find no consistent and statistically significant evidence of a positive relationship between the ESG rankings of individual companies or portfolios of companies and the financial performances of those companies or investment portfolios.
  • Most empirical studies have focused on US-based publicly traded companies. To our knowledge, this study is the first to focus on returns to ESG-themed investing for Canadian-based public companies.
  • Using data from MSCI, a leading ESG ratings provider, we estimate the statistical relationship between changes in ESG rankings of companies and changes in equity returns for those companies using a sample of 310 companies listed on the Toronto Stock Exchange between 2013 and 2022.
  • Our study finds that neither upgrades nor downgrades in ESG ratings significantly affect stock market returns.

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espionage

More officials issue ‘imminent terrorist attack’ warnings

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Foreign nationals illegally enter the U.S. from Canada. 

From The Center Square

The greatest number of KSTs to ever be apprehended in U.S. history was in fiscal 2023 of 736; with the majority, 487, apprehended at the northern border, including an Iranian with terrorist ties, The Center Square first reported. In response, members of the U.S. House Northern Border Security Caucus called on DHS Secretary Alejandro Mayorkas to secure the northern border.

Another member of Congress has warned a terrorist attack is imminent. This latest warning comes after a former CIA director argued that similar warning signs exist today that did before the 9/11 terror attack occurred.

U.S. House Intelligence Committee Chairman Rep. Mike Turner, R-Ohio, told CBS News’ Face the Nation Sunday, “We are at the highest level of a possible terrorist threat” resulting from Biden administration policies.

He issued the warning after eight foreign nationals traveling from Tajikistan with ties to ISIS were arrested. The men were released into the country by U.S. Border Patrol agents after they were apprehended for illegally entering the U.S. through the southwest border.

Under current administration policy, instead of processing inadmissible illegal foreign nationals for deportation, they are released into the U.S. with “notice to appear” documents for a future immigration court date. The agents claimed they didn’t have information tying them to ISIS when they “vetted” and released them. However, “law enforcement subsequently became concerned with their presence in the U.S. and took action,” CBS News reported.

FBI Joint Terrorism Task Forces and Department of Homeland Security agents arrested the eight alleged terrorists in Philadelphia, Los Angeles and New York. They are currently in Immigration and Customs Enforcement custody pending removal proceedings.

Turner said, “what’s important about these reports” is that a terrorism threat is “no longer speculative, no longer hypothetical.”

He also referred to warnings issued by FBI Director Christopher Wray, who in April testified before Congress that Islamic terrorist threats and national security threats were coming through the border. In March, he testified that smuggling organizations with ties to ISIS were coming through the border and the FBI was investigating, The Center Square reported.

Turner said his committee members “have con-concurred on the intelligence that we’re seeing that as a result of the administration’s policies allowing people to cross the border unvetted. We have terrorists that are actively working inside the United States that are a threat to Americans.”

His warning came after an Inspector General report found that Department of Homeland Security agencies, including U.S. Customs and Border Protection’s Border Patrol, are not vetting illegal foreign nationals due to a range of problems, The Center Square reported.

“This administration, by their own policy, are then allowing those individuals in instead of fully vetting them, fully understanding what the risk is the United States and for the fact that they’re letting them in, and … they’re entering the United States through the southern border illegally. And that’s what the threat is,” Turner said. “That’s what Director Wray is identifying, and is bringing forward. This administration’s policies are directly resulting in people who were in the United States illegally, who have ties to terrorist groups and organizations, and this is a threat.”

Former deputy director of the CIA Mike Morel also recently warned that a terrorist attack could occur in the next few months ahead of the election. In an op-ed published by Foreign Affairs, he drew parallels to warnings issued ahead of the 9/11 terrorist attacks to today, saying the “terrorism warnings lights are blinking red again.”

Terrorist threat warnings also continue after GOP House members have demanded answers about U.S. military base breaches by Jordanian and Chinese men after they illegally entered the country, The Center Square reported.

Republican Senators have also warned that because of President “Joe Biden’s open border policies, our country is really at an increased threat for a terrorist attack,” calling on him to close the border.

After claiming for years the border was secure and no border crisis existed, Biden just announced a new “border security” plan. Border experts pointed out it would codify policies he implemented that created the crisis and will allow another two million illegal entries, The Center Square reported.

Terrorist threat concerns continue to mount as CBP agents have apprehended a record number of known or suspected terrorists (KSTs), with the majority at the northern border, The Center Square first reported.

The greatest number of KSTs to ever be apprehended in U.S. history was in fiscal 2023 of 736; with the majority, 487, apprehended at the northern border, including an Iranian with terrorist ties, The Center Square first reported. In response, members of the U.S. House Northern Border Security Caucus called on DHS Secretary Alejandro Mayorkas to secure the northern border.

This fiscal year through May 15, the majority of KSTs, 173, have been apprehended at the northern border, according to CBP data.

Former acting director of ICE Tom Homan has been warning for some time of a likely terrorist attack because of Biden administration policies. He told The Center Square that Biden is the only president in U.S. history to “unsecure the border on purpose. … and has created the greatest national security crisis since 9/11.”

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