Transcript
LA Live from your ESG gumball machine. It's a walk data, Wednesday, spectacular. Here at the Vanguard shoe factory. Oh, Vanguard makes shoes. Now, we don't make fun of Vanguard enough. We're always making fun of glass lowest and we gotta we gotta make fun of Vanguard once in a while. Join as always all the time by our BS correspondent, Matt mascardi. I am mold cider. Oh, you are delicious. Thank you. And today's we are not ESG now, even though we created ESG, now to nuggets called the November 2nd 2022. Anti ESG zaniness, a visit from cawker. Charleston are very own. Yes. And a word from our sponsor. We have a little bit of we have a Spartans coming to around today. Okay, let's just I'll tell you who are sponsor is yeah, who is it? Matt today's episode is sponsored by ESG. Your ESG data solution. Okay. Ska, just Paul Hodgson. A whole lot of you probably know. Well, we'll drop by the end of the show. He has a a list of the top 10 greenhouse gas. Emissions us company. I'll let him describe it. It's not my problem. Yeah, let him do it and we're gonna just look at the first three today. We're gonna look at the first three companies. Top three baby, I love top tea top three. Let's top three of a top 10 the multi-part series. Saga. But there's not gonna make fun of that. No, ska is giving us. I'll tell you board. Saber metrics does not exist without the help of ESG that is true facts. So thanks to them. Let's do I want to get right in the anti-work. The crowd is Mrs. Misplaced for volatility, there was like very ironic I don't do this, typically, this is not in my purview, but I, I wanted to weigh in on some of my favorite anti-esg stories of the week. These are your favorite. I think I've been doing anti woke for like, six months. It feels I just, I haven't spent time in this category and I just I decided I wanted to dip my big toe in there. I just I I'm enjoying when I'm seeing, let me share with you. I'm gonna share and maybe you've already covered all these conspiracy theories but no, they feel new to me. The first story is called I'm just excited that we finally live in a world where ESG is talked about by People who fear the devil. It's just fun, fun. You're laughing. I am, I'm not actually kidding. Here we go. I know that's what makes the first ones called ESG. How woke corporations override American voters and threatened Freedom. That's a lot. Very, very busy apparently. Full in on a conspiracy theory. I like this. I, why was none of this around? When we were msci, Matt I would have loved this love. Well, it's a it's a mixed blessing. Like it's better now for us because we can say whatever we want about it but we were at msci. The legal department would not have. Let us say anything fun. So let's start. Let's start with their definition of the issue. ESG environmental social governance is a business scoring system that ranks businesses based on their response to woke ideologies is that the right definition of ESG I want to know is it I like that. They were very specific about their response to woke ideologies. So, like in order to have a response, there's a call, right? That means that likes somebody's putting a call out that's a woke ideology. Well who's it, okay. But who's defining the woke idea out, but who defines that? Is there another acronym that morphis here there? Yeah, they're trying. Not to say Larry Fink in every article, I think so am I guess is it's just the Jews. So it's more tonify Larry Fink. Yeah. So, Larry Fink and BlackRock have gone out and made a call for a woke ideology. And now what ESG is, because there is no history to ESG before. Larry, there's no prey thing. Now, what it is is a scoring system going to system, ranking businesses, who are responding to Larry based on Larry's ideology Yeah, like so it's like a buzzfeed Larry litmus tests, how much, like here at 10, Larry Fink movies. How many of you seen and then they give you an ESG score? That's right. I've seen all of them. So, I hate to tell you. All right. Here's another part that I wasn't aware, maybe you've introduced this conspiracy theory, but I I don't know about this, but I like it. I like it. Here we go. ESG. Is a soft introduction to social credit scores in America. They're saying that Chinese Communist party. Also utilizes social credit scores to monitor, what people do say and think. Scores are used to evaluate individuals based on how each person lines up with behaviors that the CCP wants to reward or punish. So two things here, Matt Is this new ESG? A direct equivalency with the CCP. The Chinese Communist Party says a new conspiracy theory, Peter Thiel, pioneered this. I mean, people say that he's a true Pioneer. So, yes, this is, he pioneered this earlier this year at that, Bitcoin conference. So we have, so, we have monolithic, Asian fascists, and Larry Fink is those, the two Boogie Men. yeah, what the confusing thing to me is if she's The best scoring system that ranks businesses on their woke responses and a communist plot. Does that mean China is Woke. Let me ask you this. If you had to rank Larry Fink, the CEO of Black Rock on a list of the top communists. In the world. Where would he be on that list? How low would you? What is, he hovering around Hugo Chavez, or is he more like more? Are there? I think. All right, the third point. I love from this article. Oh, here's here's it again. These are all direct quotes from the article, employees are losing their jobs, not based on a person's quality of work, but on ESG requirements, such as skin color, for example, If a company needs more minorities, it can fire someone for being white. Now, is this true man? Is this true this? Well, we're not talking to none of this is about truth, right? What we're saying about is the source of this, this is the Dilbert. This is Dilbert territory, can Matt, I don't know where you're going. This is what this is why they asked, did they asked Dave, to identify as white in Dilbert's job, just to keep his job or something? You're avoiding the question. Matt can ESG fire, you for being white. Can you answer that? Yes. Did you know that ranking systems on responses to woke ideologies? Actually his firing power at most corporations. It's their members of HR the ranking systems and finally, from this article how woke corporations override American voters and threatened Freedom. This is a article, but ESG, here's a line. I like ESG chases. A score. That will allegedly save the environment while hurting people. Discuss these discus. I'm confused by this one, because ESG is environmental social governance. I'm assuming people go into the social part Maybe. No know how they're hurting people, I don't understand. First, of all, the thing that's hard that the reason why Arabic confused is because ESG, in this one article, is used as a noun, adjectives and adjectives, right? Like it's used in several different ways, I'm waiting for them to use it as a gerund, right. Well, what's the first? I we've never seen ESG chasing anything, so this is a, this is a great leader. So great evolutionary. This case. Yes, she is an entity. Yeah, and a prior discussion, it is a representation of an ideology and at the beginning, It's actually an algorithm. So it's it's a little bit confusing to say, what ESG is hard to get. So I hear I think this actually rounds nicely though with the conversation of ESG having firing power. Here's and aligned with that. Here's the next article I pulled out that I liked but the only the second art I pulled out it's called Christians and ESG. What you need to know? Okay. All right, look, I'm not making this up. I'm using this this is all I know, I love it, I love everything that we're saying. Okay this is about this is author is Lucas miles, he's addressing the left's, newest Obsession, yes, G exposing how this new woke scoring system could affect the future of business in America along with the potential ramifications for the church. Okay. Which church they do know that Christians use, yes, G data. The video. Oh no, they don't. Well, here's the video starts with the caption in red, Big Red Letters and immense threat to Christians. This one that's confusing to me because I always because don't they use like judeo-christian as a good thing like so Larry Fink. Is a threat to crit? Are we going all the way back? Is this like old-fashioned anti-Semitism? Where like the Jews killed Jesus? Like what are we doing here? This is OG. We've gone backwards here, right? Yeah, well, please illuminate. Me what the threats to the Christian Community are for me is I will tell you this video Christians and ESG within the first 24 seconds met there is video footage of. Not only drag queens but men kissing. Oh, so there are already. They're driving right in their diving, right? Really, they Jump Right In The Deep End. All right, so let's jump ahead. So ESG is gay. Well, not only the gay but lgbtq plus a line there worse than gay, their PDA gay. They're doing okay out there on the street corner. His work. He didn't realize. This was a Halloween episode again. All right. And again, I'm not making any of this up. Let's let me end my segment with some of my favorite comments. So these are from some of his fans who enjoyed this video. This is not gonna make me comfortable. Screw you to all our fans because you don't. Where are comments? I want comments. I know, like, do we have to be like outright racist in order to get comments or like, do we have, what do we have to do? Do we have to like, you know? Because like it seems like the woke don't seem to come here and comment on how woke we are. Or like, what, what's the? Yeah. We're getting short shift there. No particular order. And again, I'm just reading these verbatim. I glad God doesn't have an ESG score in my life. but I think God, Does have. ESG score, you go to church. There's a very binary score that God used it or hell, isn't it? No, I like it. Double A or c. No, it isn't. Oh, I think it's a or F. I don't think there's anything in between. I'll try to go do these quickly. Stop me if you want to discuss them, use cash for all purchases. That's one comment. I like that. Once snuck in the Christian thing. Yeah, I will not Bend. I won't comply with their commie crap. I pray. God will keep me from screaming so they get no pleasure. When they torture me to death that's torture t o r c h, e r. Is that like a combination like touching and torturing? I don't know what that is. Oh it's carrying a torch like medievals, here's another comment. You get a one-hundred. This is referring to any issues score. You get a 100% up daisies. So the man like yes. So this one's implying that ESG is trying to kill you and that when they do kill you you'll give you a ESG score of 100. I don't get this that though. I I get these trying to kill us, I get that but Why do you get a perfect score? God doesn't give you a score but then when you're dead, someone else rates you. Right? And you finally achieve 100 but that's great, but this one and I think this quote actually came up in a meeting. I don't know if we were msci. I don't know where we were, but I think this is all a meat quote from a meeting that we went to ESG is as much These are all real comments from the anti-esg world real quickly go over this next one. It's a long. So don't let me down a friend. Had a job in New York. They wanted a union. The company had a child or child's attended, while they worked and the doctor for the couple saw them had a doctor that saw, they kids, and the parents they voted for the union and everything that the company agreed to them. They got more money, but they lost. Do you think it's better? The winner is the union. They pay for the union. Do you think that situation that the union or the company won? Obviously, the people were screwed. we've had, we feel like The doctor was a cameo in that story. This reminds me of all of our meetings back at ESG used to research msci and two more two more. Let me get out of this two more. One day, it will be white. People are a danger to our ESG. Therefore, we need to genocide all white people and finally boycott all liberal companies so that this is what's going on the the anti-esg world. There we go. That the last one, simplified it down to it but the last comment that was great. But unfortunately, in order to boycott all liberal companies, you gonna have to subscribe to an issue rating service to figure out. You need the data set, you need to figure out the liberal world. So you'll go. Look, you can go to our sponsor as gauge. They have a plenty of ESG that you can buy to figure out what companies are and then boycott them. It's great. What do you got? All right. Let's do. I do I don't have anything today. Instead it turns out we got a missive, there's a new segment. I don't know if anybody's listening to this guy's show but his name is Tucker Carlson and yeah, Tucker Carlson no relation to anybody with similar name and he's doing a show called. Are you terrified yet? Okay. Oh this is like, this is so perfect. Segue from what we were just discussing. So this is kucker. So let's just listen, it's four minutes of your life that you're gonna waste on this. Okay, ready? Over the last week, there's been a conversation happening behind closed doors in the halls of the elite. It's happening without you knowing it and it involves the inside of your mouth. I'm Tucker Charleston. And this is. Are you terrified yet? I like his music. While we already know the left would usually love for you to keep your mouth closed. This time, the left is on Wall Street, are trying to figure out how to make you open it. In fact, they are literally going to wash your mouth out with. Whoa, do me a favor. Open up your medicine cabinet right now, and tell me which products are liberal. You can look at the ingredients. Do any of them say, ESG know. ESG, or environmental social, and governance investing is the leftist additive you find in almost everything in your closet, and it was put there by Larry, Fink and woke corporations, like Colgate Palmolive the largest manufacturer of household and bathroom products in the world. You should be asking yourself when my toothpaste turn me into a liberal Democrat. And to find out, we have to go to the founding of Colgate Palmolive. William Colgate, who is born in socialist? England in 1783 founded. The company in 1806 and if you're wondering how you can be woke in 1806, Colgate also had a liberal Arts college named after him Colgate University today. Colgate Palmolive has more than 33,000 employees and makes products, we all know, like, toothpaste and dish detergent. But being woke is a full-time job and there might not be enough time to just make toothpaste. Instead the company is focusing on things like diversity. Oh, nears a quote from the company sustainability report. Quote, we will drive representation across all organizational levels with a focused, consistent effort, and a goal to achieve parity with Labor Force availability. That's right. Being qualified no longer matters. When it comes to making materials, we all put in our mouths, So, how much diversity was added to your toothpaste is arsenic considered diverse? What about E coli? Or what about triclosan? Never heard of that. Well, it turns out Colgate added triclosan, a chemical additive to its toothpaste up until 2016. The chemicals considered dangerous since it was found to have links to cancer and affected the thyroid but for a woke corporation like Colgate hyperthyroidism might not actually be a bad thing. You see hyperthyroidism is known to cause hunger. And while only doctors know, if triclosan actually causes hyperthyroidism, we know who exactly wants you to be hungry all the time. A woke attendee to the college William Colgate. Founded, Colgate University named Ben Cohen. Oh, Ben Cohen is the Ben of Ben and Jerry's, and in case you've forgotten how far the left is going to win, the woke Warfare for your mouth. Remember that? Ben and Jerry's would go on to use. Its ice cream to support. Palestinians, fighting against our allies in Israel understands something ESG is now an ingredient everywhere from your toothpaste to your ice cream to your thyroid. So, here's a question. Are you terrified yet? God. I don't, that was intense. I don't know who was riding those. I don't know where there's a coming from. I don't know who this person but they're They're really good. They're really good. They really, they're getting me. I I think it's genius. Hats off Cocker. I think it's genius. There's a lot of terrified to unravel their. I mean I mean linking Like William Colgate from like the 1700s to Ben and Jerry's and what capitalism? In a seamless live, not to mention that and his last piece about the tires on your road. And now the things you putting in your mouth, this is this is important stuff. I mean this, About ESG being an additive. Yes. She's like an additive that that to me. I'm just waiting. Like, where am I gonna shop? Like, I'm now terrified. I gotta look on every one of the FDA going to say, you know what you have to list ESG as an ingredient to it here, I just hate the idea that now are like error or nautics and and cancer-fighting drugs are being created by a manufactured by like a woke Saturday Night Live cast. Like it's just, it's unqualified diverse nonsense. It's it's like a reboot of Ghostbusters where they put a whole bunch of diverse non-actors in. Let's that was covered. It sounds really like me, but it's not, it's not. So it's all you need to know. Let's, let's write up the show with a quick piece from our sponsor ESG. This is Paul Hodge know, you see, you can't, I you contractually, you can't do that. I think no, you get Paul Hartson this week is introducing the top 10 greenhouse gas just play the tape. Hello that. Bullshit here from escapes. the statistic of the week this week that as gauges sent me are the top 10 Greenhouse gas emissions. Companies in the country we got some details on their total greenhouse gas emissions. Their scope 1 emissions and their scope 2 emissions, not their scope three emissions because nobody discloses that at the moment, all though, if the SEC has its way, they sure will soon. Top of the list. No surprise here. Exxon Mobil. Almost a hundred million. Metric tons of greenhouse gas. Emissions, almost 90% of that is from scope one direct emissions from them. So, let's just put this in perspective. A little bit, shall we? So we're talking about 99 million metric tons a year from Exxon Mobil. According to the EPA us greenhouse gas emissions totaled. 5,981 million metric tons. Now, yeah, that's a lot more than 99 million, but it's not that much more for a single company compared to an entire country. Okay. So let's move on to number two. Do you can see 79.6 million metric tons, annually. They disclosed again. Vast majority from scope one. Next company. Linda PLC. It's a chemicals company. I had no idea who they were. So I just looked them up. Okay, so this is what this is. How Linda PLC describes itself, a global multinational chemical company founded in Germany and since 2018 domiciled in Ireland, headquartered in the United Kingdom, that's where the PLC comes from public limited company, right? Linda is the world's largest industrial gas company by market share and revenue. Okay, so what are they doing? If they're a German company, what are they doing? Domiciled in Ireland. And they're listed on the US Stock Exchange though. What do they do at least on the US Stock Exchange? Well, because the US Stock Exchange doesn't require them to disclose their scope three emissions, which are probably pretty substantial. Well, that was a little odd. I think we might have had a pack up there. Anyway, let's carry on and see how we get on from. Okay, so what happened, maybe it was maybe Linda PLC found out that I was talking about them on this podcast and they decided inter on my part. Wow. Anyway, so their total greenhouse gas emissions in this will be 2021 was 61.3 million tons metric tons. Here. Thank you. Paul Hodgson s gauge two things. I like I like That because of his accent, it all sounds. Smart everything that guy says right. Like it is music and two. I like that. That companies are now listening to our show and messing with us. They're like yeah. Like any we hadn't even aired this yet. Actually impressive part to me. He literally he said it and they face it out. They listened to him recording it and they cut his power. That was escoses Paul Hodgson. The silky voice of it. Paul Hodges. We are free float. If you like this you know what, you should raid us. We actually Could use some more waiting. Look, I'm looking around, and I'm seeing like other people. Get more rating than us? I don't. Nobody uses up anymore. Forget Apple. You do you know what? Send an open up a piece of paper. Write down four stars out of four. And mail it to us at least this way, you know, we'll, we'll know, otherwise, come back tomorrow for more business pants until then goodbye.