Why People Of Different Faiths And Politics Should Still Oppose ESG Investing
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The Treasurer of Utah recently wrote a letter to the ratings service S&P to object to agencies beginning to downgrade states' creditworthiness based on political, not financial, factors under the guise of ESG Investing (04-21-22-Utah-Letter_SP-Global_ESG-Indicators.pdf). Treasurer Oaks (www.marlooaks.com) found himself having to defend his state's pristine credit rating, not because of any financial problems, but because of pressure from political activists. He spoke with Business in the Kingdom about why people with different doctrinal views and different political views should be united in opposing the imposition of a single political ideology using the lever of concentrated financial power.
