Michael Patrick Leahy, The Tennessee Star Report Posted:
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2ndVote Advisers President and CEO Daniel Grant joins Michael Patrick Leahy from The Tennessee Star on Talkradio 98.3 WLAC to discuss 2ndVote Advisers and the threats of stakeholder capitalism.

 

Leahy: Tell us why. What is it that the red state treasurers have?

Grant: Well, it’s pretty interesting, actually. So actually, we were just in the Australian Financial Review, which is The Wall Street Journal in Australia. And the reason we resonate with red-state treasurers and Australia is they’re heavily reliant on fossil fuels.

Leahy: Yeah. Fossil fuels have created the energy of America that’s cost-effective energy.

Grant: Right.

Leahy: And they’ve made a lot of improvements on environmental issues. But the Larry Fink’s of the world who want to tell everybody else what to do and what’s virtuous or not have declared fossil fuels are not virtuous.

Grant: Which is a problem if you are a red state treasurer and your state’s economy is dependent on fossil fuels. The main companies in the state are dependent on it. The main industries in your state are dependent on it.

I had lunch with a red state treasure a week and a half ago, and this gentleman controls over $70 billion in assets. And he was telling me exactly what I just said. They are under attack.

 

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