SPEECH IS SOMETHING CALLED ESG
IS ONE OF THE OPERATING
PRINCIPLES OF GLOBAL INVESTING
RIGHT NOW BUT TRY TO GET SOMEONE
DEFINE WHAT ESG IS AND NO
ONE WILL BECAUSE THERE IS NO
PRECISE DEFINITION BECAUSE THE
POINT OF IT IS TO PUSH CORPORATE
INVESTORS TO THE LEFT AND THEN
OF COURSE TO PUNISH ANYONE WHO
DISSENTS.
IN PURSUIT OF HIGH ESG SCORES,
COUNTRIES LIKE SRI LANKA HAVE
DESTROYED THEIR ECONOMIES
ENHANCING THEIR GOVERNMENT
TOPPLED.
GERMANS ARE DIMMING THEIR
TRAFFIC LIGHTS TO SAVE
ELECTRICITY.
IF ESG ACCELERATES IN THIS
COUNTRY, YOU CAN IMAGINE WHERE
WE WILL BE.
VERY FEW POLITICIANS SEEM AWARE
THIS IS EVEN HAPPENING.
ONE WHO DOES KNOW WHAT’S GOING
ON IS DOING SOMETHING TO STOP
IT, THE GOVERNOR OF FLORIDA,
RON DeSANTIS.
HE HAS AN ANNOUNCEMENT TONIGHT
ABOUT HIS PLAN TO FIGHT ESG IN
THE STATE OF FLORIDA.
GOVERNOR, THANKS SO MUCH FOR
COMING ON.
THANKS FOR NOTICING THIS.
IT’S A BIG DEAL.
WHAT ARE YOU GOING TO DO
PUSHBACK?
>> TUCKER, WE ARE GOING TO DO A
COUPLE THINGS.
THROUGH THE FLORIDA STATE
PENSION SYSTEM WE WILL DO A FLAT
FAN FAN ON ANY TYPE OF ESG AND
AS YOU SAY THEY LIKE TO WIGGLE
AROUND AND DO POLITICS AND WE
ARE
GOING TO MAKE SURE THAT
FIDUCIARY DUTY IS DEFINED VERY
CLEARLY.
AND THAT THEY STICK TO THAT.
WE ARE ALSO -- GOING TO PROVIDE
PROTECTION FOR PEOPLE IN THE
FINANCIAL MARKET FROM BEING
DISCRIMINATED AGAINST BASED ON
IDEOLOGY.
WE HAVE SEEN WALL STREET BANKS
DISCRIMINATE AGAINST CONTRACTORS
WHO WERE INVOLVED, HELPING US
AGAINST ILLEGAL IMMIGRATION OR
AGAINST FIREARM MANUFACTURERS,
THINGS THEY DON’T LIKE.
THE UPSHOT OF ALL THIS IS WE
WANT TO STOP THESE MASTERS OF
THE UNIVERSE FROM TRYING TO DO
THROUGH ECONOMIC POWER WHAT THEY
CANNOT ACHIEVE AT THE BALLOT BOX
BOX.
IT IS AN END RUN AROUND
DEMOCRACY WHERE THEY ARE TRYING
TO IMPOSE THESE THINGS. IN FLORIDA I WANT TO BE GOVERNED
IN FLORIDA I WANT TO BE GOVERNED
BY THE VALUES OF --
NOT THE VALUES OF DAVOS.
>> Tucker: THERE HAS NEVER
BEEN A VOTE ON ANYTHING
PERTAINING TO ESG, AM I RIGHT?
>> WHAT HAPPENS IS YOU HAVE
ASSET MANAGERS WHO MANAGE THESE
PENSION FUNDS.
THEY WILL REQUIRE ESG.
THE COMPANIES THEMSELVES WILL DO
IT.
I THINK THERE’S A COUPLE
REASONS.
I DO THINK PART OF THIS IS
THEIRS WOKE EMPLOYEES IN THESE
COMPANIES WHEN THE INMATES HAVE
BASICALLY RUN THE ASYLUM SO SOME
OF THE CEOs BEEN TO THAT BUT I
DO THINK THERE ARE SOME OF THE
CEO’S WHO REALLY LIKE TO EXERT
POWER OVER THE REST OF US AND
THAT’S WHAT WE’RE DOING.
IT WILL BE A DISASTER FOR OUR
ECONOMY OF COURSE, WHAT WE HAVE
SEEN WITH THE ENERGY BUT TO HAVE
THE ECONOMY POLITICIZE THIS WAY,
THAT’S A RECIPE FOR DISASTER.
THEN ALSO IT TAKES POWER AWAY
FROM THE AMERICAN PEOPLE AND
LODGES INTO THESE INTERNATIONAL
TITANS.
THAT’S NOT I THINK WHAT OUR
FOUNDING FATHERS EVER INTENDED.
>> Tucker: IT ISN’T AND IT’S
BEEN GOING ON FOR YEARS AND I
DON’T THINK I’VE EVER HEARD OF
NATIONAL LEVEL POLITICIANS
MENTION IT.
OUR OTHER GOVERNORS WHERE THIS
IS HAPPENING IN THEIR STATE WITH
THEIR STATE PENSION FUND?
>> I THINK THERE ARE ANY THINK
YOU’RE GOING TO SEE SOME OTHER
STATES DO WHAT FLORIDA AND I
WOULD LIKE TO GET A LOT OF THE
CONSERVATIVE STATES TOGETHER AND
LET’S GET OUR PROXY VOTING
RIGHTS ON ALL OF OUR FUNDS,
LET’S COMBINE THOSE AND VOTE AS
A BLOCK.
TUCKER, WE WOULD HAVE OVER A
TRILLION DOLLARS IN ASSETS
BETWEEN JUST THE RED STATE.
THAT WOULD MAKE A DIFFERENCE
WHEN YOU’RE TALKING ABOUT THAT
SO WE WOULD BE ABLE TO CHECK A
LOT OF THESE ESG VOTES THAT ARE
GOING ON THROUGHOUT CORPORATE
AMERICA.
I WOULD URGE ALL MY FELLOW
GOVERNORS AROUND THE COUNTRY,
REPUBLICAN OR DEMOCRAT, LET’S
BAND TOGETHER AND FIGHT BACK
AGAINST THE SO WE CAN KEEP POWER
TO THE PEOPLE.
>> Tucker: YEAH.
THE CONSEQUENCES AROUND THE