Indiana’s Aggressive Divestment From China

The Daily Signal Podcast

The Daily Signal

News, Government, Politics, Daily News

4.6 • 1.2K Ratings

🗓️ 16 October 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

State leaders in Indiana have taken significant steps to divest from China and from the environmental, social, and governance agenda. “We have the good fortune in Indiana to have a Legislature that is on top of making sure that we divest from Chinese entities and from ESG-focused funds,” Indiana state Comptroller Elise Nieshalla says. The ESG agenda has benefited China through its promotion of solar and wind energy, and electric vehicle batteries, all which China mass produces. While some state asset managers are promoting investment in solar panels and EV batteries for electric vehicles in the name of “clean energy,” Nieshalla contends the methods China is using to produce those goods are far from clean. “I think we have seen a true hypocrisy,” she says, “because while … the whole ESG movement has been putting intense pressure on the United States toward renewable energy and to move away from reliable energy—i.e., coal, oil and gas—they are making significant investments in fossil fuels in China, India, Brazil, and [those nations] do not implement the clean energy technology that we do with fossil fuels.” The energy agenda moving away from coal, oil, and gas is not only benefiting China, but also harming the U.S. economy at a time when the U.S. is burdened with a national debt of more than $35 trillion. Nieshalla joins “The Daily Signal Podcast” to discuss the ways Indiana has successfully divested from China and the ESG agenda, and how other states can follow suit.

Transcript

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0:00.0	This is the Daily Single Podcast for Wednesday, October 16th. I'm Virginia Allen.
0:11.0	State leaders in Indiana have taken significant steps to divest from the
0:16.1	Chinese Communist Party and the ESG Agenda. I recently
0:25.0	Shala at a conference to talk about the specific ways that the state of Indiana
0:30.0	has said no we're going to break our ties with China and we're going to break our
0:35.2	ties with ESG, which stands for environmental, social, and governance.
0:40.8	Elise Nisala joins me today on the show to explain how Indiana is doing this
0:45.6	and also to explain how these actions are not only improving the economy in
0:51.4	Indiana, but provide a roadmap for other states to do the same.
0:55.6	Stay tuned for our conversation after this.
0:58.6	As conservatives, sometimes it feels like we're constantly on defense against bad ideas. Bad philosophy,
1:04.8	revisionist history, junk science, and divisive politics. But here's something I've
1:09.6	come to understand. When faced with bad ideas, it's not enough to just defend.
1:14.0	If we want to save this country, then it's time to go on offense.
1:19.0	Conservative principles are ideas that work.
1:21.0	Individual responsibility, strong local communities, and belief in the American
1:25.8	dream. As a former college professor and current president of the Heritage Foundation, my life's
1:30.9	mission is to learn, educate, and take action.
1:34.0	My podcast, The Kevin Roberts Show, is my opportunity to share that journey with you.
1:38.0	I'll be diving into the critical issues that plague our nation,
1:41.0	having deep conversations with high-profile guests, some of whom may surprise you.
1:45.6	And I want to ensure freedom for the next generation.
	...

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