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The Daily Signal Podcast

Series Pt. 1: ESG Aims to 'Push Politics Into Business,' CEO Says

The Daily Signal Podcast

The Daily Signal

News, Government, Politics, Daily News

4.61.2K Ratings

🗓️ 2 October 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

A leftist agenda known as ESG, or environmental, social, and governance, aims to "push politics into business," according to OJ Oleka, the new CEO of the State Financial Officers Foundation. State financial officers are under pressure from the Left to invest in businesses’ commitment to the ESG agenda at the risk of sacrificing their “fiduciary duty to get the best returns possible” on investments, says Oleka. He took the reins at the State Financial Officers Foundation Tuesday. As part of a three-part money and transparency series, Oleka joins “The Daily Signal Podcast” to pull the curtain back on what ESG is and how it might be affecting your local and state economy without your knowledge.  Utah Treasurer Marlo Oaks joins the show following the conversation with Oleka to explain how ESG policies and the Biden administration's climate agenda are hamstringing land usage in Utah.

Transcript

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0:00.0

This is the Daily Signal Podcast for Wednesday, October 2nd. I'm Virginia Allen.

0:10.6

How is the government using your money? This is a question that you as a taxpayer

0:15.6

deserve an answer to. What we do know is that in red and blue states alike there's

0:21.2

been a huge push in recent years for ESG. ESG stands for environmental,

0:26.8

social, and governance. ESG policies require businesses and the government to prioritize a social agenda over smart financial

0:36.3

investment.

0:37.7

And this affects the economic health of communities and entire states.

0:42.0

We're kicking off today a money and transparency series to dive

0:46.3

into the topic and pull the curtain back on what ESG is and how it might be

0:51.6

affecting your local and state economy without you even knowing it,

0:56.2

and even affecting the land in your state and how it's used.

1:00.6

Over the next three days, we're going to be hearing from financial and state leaders from all over the US that are working both in the nonprofit and governmental space.

1:11.0

I had the opportunity recently to talk with these leaders at the State Financial

1:15.4

Officers Foundation meeting in Alaska. And today we're kicking off this three-day series

1:20.7

with a double-headed. First, newly announced CEO of the State Financial

1:25.2

Officers Foundation, Dr. O.J. O. O. Laker joins the show to explain the

1:29.8

implications of the ESG Agenda. He also shares the history of the State Financial

1:35.3

Officers Foundation and why founder Derek Creyfels saw the need for such an

1:40.9

organization. Then Utah State Treasurer Marlow Oaks joins the show to explain

1:46.6

how those ESG policies and the Biden administration's climate agenda is hamstringing land usage in the state of Utah.

1:55.1

Stay tuned for both of these conversations after this.

2:02.1

So what is going on with Ukraine? What is this deal with the border? How do you feel

...

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