S11 EP139: Hour 3 - The ESG Fight Heats Up
The Erick Erickson Show
Erick Erickson
4.5 • 874 Ratings
🗓️ 5 August 2022
⏱️ 39 minutes
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Summary
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Transcript
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| 0:00.0 | Welcome. It is Eric Erickson here across the nation. The phone number is 877-9-373-725. And I can pull back the curtain here and tell you some. We had an issue. My phone screener was working remotely today. And the phone systems won't connect remotely. |
| 0:23.7 | We're not sure why the tech support people have been working on it, but he got up and drove |
| 0:28.9 | into the office. |
| 0:30.7 | And so the phone lines are actually open if you've been trying to call and got in a business |
| 0:34.1 | signal, that's actually why. |
| 0:36.1 | And he's there now and can take calls. And you know what? |
| 0:39.0 | We might as well open up this hour so that he's, he made the effort to come |
| 0:42.6 | into work. He might as well talk to you people on the phone. |
| 0:45.2 | So you can call in 87797-9773-7-425. |
| 0:53.4 | If you want to be part of the program, we'll make it a free for all here. |
| 0:57.2 | Might make it an open container by the end of the day, but we'll take your phone calls on whatever topic. |
| 1:03.2 | As long as you sound articulate and make me look good. How about that? You can disagree with me though. |
| 1:08.0 | I mentioned the ESG stuff the other day. |
| 1:12.5 | Let me review again. |
| 1:15.7 | When you hear people talk about ESG criteria for investing, what they are talking about is |
| 1:21.3 | environmental, social, and governance criteria. |
| 1:24.7 | The environmental criteria is major fund managers in the country want |
| 1:31.0 | companies to stop investing in fossil fuels social criteria they want these |
| 1:39.1 | companies to be in to make sure they have a diverse woke workforce and that they give a percentage of their |
| 1:48.4 | funding designated and nonprofit causes to progressive activist causes on the left like Black Lives |
| 1:53.9 | Matters. The governance criteria, they want to make sure that their boards are full of diverse |
| 1:58.4 | people and that they have a diversity officer in the C-suite where you have the CEO, the CFO, the C-O, you need a C-D-O, chief diversity officer to make sure the wokes have a steady stream of hiring and that their ad revenue and their marketing goes towards politically left-wing-leaning causes. |
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