Is North Dakota investing in anti-agriculture companies?
In recent years, Environmental, Social, and Governance (ESG) standards have become increasingly popular in the investment world. While these were supposed to encourage investments in companies that prioritize environmental sustainability, social responsibility, and good governance practices, as with anything, when you impose specific standards on society some necessary segments suffer. Agriculture and energy are the pillars of North Dakota's economy. But ESG requirements target those very pillars. Are we being socially responsible when this feel-good framework causes people to lose their jobs? In this episode, your host, Emmery Mehlhoff visits with District 33 Representative Anna Novak (R), Hazen, about why ESG requirements are harming our state and what she hopes to accomplish with legislation, HB 1429, which would create a new section in North Dakota Century Code that would address unfair discrimination in the business of insurance and the investment and management of public funds that ESG requirements cause. In addition, the bill calls for a study during the interim to evaluate the level of involvement North Dakota has with companies using ESG criteria.Contact Rep. Novak at anovak@ndlegis.govContact host Emmery Mehlhoff at emmery@ndfb.orgLearn more about NDFB policy positions at ndfb.org/policy/