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When asked for clarification about his remarks, a spokesperson for Oaks told the Tribune that the issues raised by ESG are important and should be debated.
“Treasurer Oaks said his use of scripture was an attempt to speak to an audience that might understand the example and illustrate the problem with systems that attempt to push outcomes on everyone,” the spokesperson said. “His opposition is to coercion as a mechanism in society.”
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.
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Elon Musk’s view of this investing strategy: ‘ESG is the devil’
“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.”
ESG has become a politically explosive issue over the past couple years.
The theory underpinning ESG is that corporations should deemphasize their traditional responsibility to maximize value for shareholders and instead make new commitments to alternative stakeholder groups, serving other interests and society at large.
Many investors now use ESG as a rating system to measure a company’s advancement of policies designed to address climate change, increase corporate board demographic diversity, and support a progressive “social justice” agenda, among other initiatives.
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.
Last April, Oaks coordinated an effort by political leaders across the state to send a letter to S&P Global Ratings President and CEO Douglas Peterson demanding that S&P withdraw ESG indicators as a factor in its credit ratings for states and state subdivisions.
Rose Rambles... 
Treasurer Oaks didnt even mention the Mormon church’s hidden BILLIONS in off shore or shell corporations. He’d be more credible if he’d address the dirt in his own house. The ‘Church” failed to report billions to the IRS and it was uncovered. Their lame reply was they weren’t aware of the need to disclose these assets to the IRS….What a crock of **** you Mormon morons! In my not so humble opinion, all organizations calling themselves a ‘religion’ need to be vaporized
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