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The Highwire with Del Bigtree

THE THREAT OF ESG

The Highwire with Del Bigtree

The Highwire with Del Bigtree

News, Society & Culture, Health & Fitness

4.93.4K Ratings

🗓️ 17 December 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary



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Utah State Treasurer, Marlo Oaks, CFA, sounds the alarm on the threat of ESG; Environmental, Social, and Governance standards, which rates businesses on their impact on politically charged issues.



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Transcript

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0:00.0

I'm really actually very excited you know Jeffrey's got me all pumped up over this whole

0:05.1

environmental insanity and what's going on and the lies that are being told and you

0:09.9

know those are government agencies talking about it but now you have these giant corporate

0:14.8

entities that by the way also seem to be controlling our government so I don't know

0:18.9

what's first the cart or the horse or however that goes but this idea of ESG

0:25.7

corporations that are being judged by how much they get involved in the

0:30.7

you know environmental social and governance systems of business framework

0:34.5

for considering environmental issues and social issues in the context of

0:38.0

corporate governance I'll tell you this is something that I'm very confused about and I've got someone that is

0:43.9

going to be very capable of answering some of my questions I think is going to

0:47.0

answer yours to take a look at this it's good to have Marlow Oaks with us our

0:52.4

state treasurer.

0:53.4

The Utah State Treasurer, Marlow Oaks.

0:55.9

And joining me today is Marlow Oaks, who is the state treasurer

0:59.4

for the state of Utah.

1:01.2

I've never seen a state treasurer get a standing ovation before.

1:04.8

Marlow Oaks knows more about the subject from anybody in the country.

1:07.6

He's now the treasurer of the state of Utah. He's a long-time investment manager.

1:11.1

Thank you for inviting me to testify before you on the impact of ESG on retirement security.

1:17.0

Masquerading as a sophisticated, holistic, and enlightened way of creating shareholder value, ESG is a dangerous investment scheme.

1:26.1

ESG has created an uncontrollable impulse to pressure corporations to solve complex global

1:32.1

and societal issues.

...

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