Business in the Kingdom

How "Socially Responsible Investing" is Hurting our Food Supply

29 min · 20. tammi 2023
jakson How "Socially Responsible Investing" is Hurting our Food Supply kansikuva

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In a recent article in National Review Online [https://www.nationalreview.com/2022/11/esg-investing-hurts-the-poor-and-empowers-tyrants/], Nebraska Treasurer John Murante (https://ballotpedia.org/John_Murante) demonstrates that the ESG investing approached (Environmental, Social, Governance) being promoted by giant asset managers hurts not only the fossil fuel industry, but agriculture as well. Since the poor spend a much larger proportion of their income on food and energy, an investment approach that attacks those industries attacks the poor. Treasurer Murante also discusses with Business in the Kingdom how ESG empowers tyrannies such as China.

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jakson Christian State Official Stands up to ESG Agenda kansikuva

Christian State Official Stands up to ESG Agenda

Allison Ball, Treasurer of Kentucky, is an attorney and a person of faith. As such, she takes her legal and ethical obligation to oversee state finances, including pension funds, as an inviolable duty. That is why she has resisted industry pressure to embrace the financial fad of ESG investing, which replaces the goal of the best financial outcome for retirees with goals of political and social outcomes. Whether it's pushing to eliminate profitable fossil fuel investments from portfolios or to use shareholder money to vote for pro-abortion resolutions, Treasurer Ball and other state officials are resisting attempts to replace prudent financial management with an imprudent social agenda. She joins Jerry on this episode of Business in the Kingdom to tell her story.

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