How Radical Environmentalism Hurts the Environment | Toby Rice

Hold These Truths with Dan Crenshaw

Dan Crenshaw

Politics, Energy, Healthcare, News, World, Society & Culture, Regulations, Finance, America, Freedom

4.6 • 16K Ratings

🗓️ 12 April 2022

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

One of the main goals of ESG (Environmental, Social, and Governance) standards, the latest trend in woke capitalism, is to reduce global carbon emissions. In practice, the standards have actually INCREASED emissions. Energy expert Toby Rice joins us to explain why - and lay out clear, concise arguments for why natural gas is the best solution to dramatically reduce global carbon emissions in a scalable, sustainable, and profitable way.

Toby Rice is the President and CEO of EQT, the largest natural gas producer in the country. Follow Toby on Twitter at @Shalennial.

Check out Toby's excellent report on LNG which is referenced throughout the episode here: https://www.eqt.com/wp-content/uploads/2022/03/LNG_Final.pdf

Transcript

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0:00.0	We hold these truths to be self-evident.
0:02.0	That all men are created.
0:04.0	Because I remember Congress, I get to have a lot of really interesting people in the office.
0:07.0	Experts on what they're talking about.
0:09.0	This is the podcast for insights into the issues.
0:11.0	China, bioterrorism, Medicare for all, in-depth discussions.
0:16.0	Breaking it down into simple terms.
0:18.0	We hold these truths with Dan Crenshaw.
0:24.0	Today we're going to talk about something called ESG,
0:27.0	what Elon Musk recently called the devil incarnate.
0:30.0	What is ESG? And why is it the devil incarnate?
0:33.0	Now, there's more people interested in investing in a clear energy portfolio.
0:39.0	And there's more tools nowadays that allow shareholders and the public to track clean energy investment.
0:44.0	And there's been a shift from traditional gas into renewable energy.
0:48.0	So you would think it's fine if companies being held accountable to their shareholders
0:53.0	and saying what they would like their companies to get involved in is a good thing, right?
0:58.0	Well, here's the problem.
0:59.0	Activists and investors have taken oil companies hostage, Exxon, Chevron, BP.
1:03.0	All of these companies are largely controlled by big wall street and private equity firms like BlackRock.
1:08.0	These activists and investors include climate activists, people like Larry Fink, the CEO of BlackRock.
1:13.0	Who really don't like the oil and gas industry?
1:16.0	And they want to drive investments away from fossil fuels and towards solar and wind.
	...

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