Utah State Treasurer Marlo Oaks on Saturday blasted a controversial investing movement that critics decry for pushing 'woke' political causes as being part of 'Satan's plan.'
South Dakota Gov. Kristi Noem discusses President Biden bailing out Silicon Valley Bank depositors and why it wasn't the best decision on 'Jesse Watters Primetime.'
"The goals have been identified. The truth has already been defined that these are the problems, and here are the solutions," said Oaks, according to the Salt Lake Tribune."The debate is over."Utah State Treasurer Marlo Oaks"Outcomes-based governance like the U.N.'s SDGs and ESG opens the door to authoritarianism," said Oaks."It is Satan's plan."
Oaks is one of several experts and policymakers who have criticized ESG for seeking to achieve policy objectives by bypassing legislatures and the democratic process in order to impose them. "ESG promotes and implements policies through private businesses that could be adopted through a legislative process," Oaks said in an interview last year."The Green New Deal didn't make it through Congress, so its proponents shifted the battlefield to the capital markets.
However, critics of what they describe as"corporate wokeness" have been mobilizing against the march of ESG advocates, arguing the financial movement is a way to push left-wing causes through business rather than the legislature.letter to S&P Global Ratings
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