A group of blue state officials are attempting to use their pension funds to kick out the board of ExxonMobil because the firm has successfully sued to block an attempt by an activist group to place a proposal on the company's ballot that is hostile to the oil and gas industry. In addition, these states are pressuring Blackrock, JPMorgan Chase, and other asset managers to also vote against the Exxon board. In this episode of Meeting of Minds, Louisiana Treasurer John Fleming explains that if this unprecedented act of intimidation were to succeed, how devastating it would be to his home state, America, and the world. The Treasurer tells why he has urged the pension plans of Louisiana not to participate in this blue state corporate coup attempt (Treasurer Fleming condemns plot to take over Exxon (kedm.org)), and why his fellow red state treasurers have urged America's largest asset managers also not to participate (U.S. Republican states support Exxon in shareholder activism dispute | Reuters). He explains that what is truly at stake is the modern economy itself.

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The battle between red states and ESG is raging in Oklahoma right now. The pro-energy Treasurer Todd Russ is suffering massive backlash for attempting to enforce a law which calls upon the state to not do business with asset managers such as Blackrock that boycott or seek to harm the fossil fuel industry. Russ found himself on the receiving end of a lawsuit from a union boss and attacks from numerous directions, including the Republican Attorney General of the state. Jerry talks in this episode with Tom Jones, President of the American Accountability Foundation (American Accountability Foundation), who has used Freedom of Information Requests to demonstrate the secretive and cozy relationship between various public officials who have been attacking Russ and an influential Blackrock lobbyist. AAF uncovers a disturbing pattern of public officials coordinating strategy with a company blacklisted by the state for acting against the interests of the state’s energy industry. This interview should be a wake-up call to conservative Oklahomans to see that the swamp isn’t just in Washington DC, but everyplace where special interests work against the interests of the people.

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Over twenty states have passed legislation that prohibits the state entrusting the management of state assets to companies that seek to harm the fossil fuel industry. Many of these states have been under attack by mysterious, well-funded, coordinated efforts to discredit those laws and the financial officials who are enforcing them. Right now that backlash is falling hardest against Oklahoma, it's anti-ESG law, and Treasurer Todd Russ, whose job it is to enforce it. Russ talks with Jerry and brings the goods on how Blackrock works against his state's principal industry. He details how, when he attempted to fire Blackrock from managing state assets, out-of-towners with "large briefcases of money" showed up and suddenly there were lawsuits, mysteriously funded studies supportive of Blackrock, and media campaigns launched against the law and himself. Russ explains why it's not just Oklahoma jobs at stake, but the whole world, which needs Oklahoma's energy to stay warm and fed.

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Continuing our series about the battle between Texas and Blackrock (as well as other anti-energy financial entities), we talk in this episode with the chief financial officer of the state of Texas, Comptroller Glenn Hegar. He defends the Texas law which forbids the state from doing business with financial companies that boycott or otherwise seek to harm oil and gas companies. Comptroller Hegar also explains exactly why Blackrock deserves to be on that list and why the $53 billion school fund was right to divest from Blackrock as an enforcement of the law. Comptroller Hegar and other Texas officials are leading the country in fighting for the economic prosperity of energy producing states. But Texas is also saving short-sighted Wall Street firms headquartered in energy dependent states from themselves, because in the long run, all of America is going to need energy from Texas.

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A Texas State Investment fund, under the leadership of school board chairman Aaron Kinsey, just divested 8.5 billion dollars from Blackrock. Blackrock quickly retaliated, suggesting that the move was against the law. On this episode of Meeting of Minds we talk to the Honorable Jason Isaac, formerly of the Texas Legislature, who played a key role in drafting the legislation. Isaac defends the Texas law and the decision to divest from Blackrock as in accordance with that law. Isaac also discusses research from the American Energy Institute and from the Texas Public Policy Foundation showing exactly how Blackrock attacks the energy industry. Isaac goes on to defend the Treasurer of Oklahoma Todd Russ, who is likewise under attack for following his state's law and attempting to divest from Blackrock. Finally, Isaac shows how the anti-fossil fuel agenda is really an anti-human agenda, at war with humans and with nature.

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American Family Association has been the leader among evangelical Christians when it comes to boycotting companies that violate the values of their Christian customers. AFA still leads in that area, but recently they widened their mission to focus their attention on the powerful strategy of shareholder corporate activism. Non-profit ministries often are given stocks as gifts from donors, but they do not use the legal authority that comes with those stocks to influence the companies they own. AFA is breaking the mold by using shares in Apple, and also banks they own, to oppose the pernicious practices of deplatforming and/or debanking Christian and conservative customers. AFA's Walker Wildmon reveals for the first time in this interview how AFA itself was the victim of debanking by the payment service Stripe and also how a security company refused to help the AFA protect its employees from violence because that company didn't like AFA's politics.

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In his new book, Full-Time: Work and the Meaning Life (https://www.fulltimebook.com/), entrepreneur David Bahnsen confronts the anti-work-ethic culture of modern evangelical Christianity and calls upon churches to reassert the Biblical mandate for hard work and high productivity. He talks about the problem of a deficient pastoral work ethic, and the tendency of the church to focus on things like family time to the exclusion of a focus on economic productivity. He argues that the modern faith at work movements and the call for business leaders to get out of the business world and spend their “second half” in ministry in order to move “from success to significance” both fall far short of the high Biblical calling of business.  

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While at Davos, the CEO of JPMorgan Chase Jamie Dimon called for elites to acknowledge the economic accomplishments of the Trump administration and to stop showing contempt for 75 million Americans who are not on the left. Exxon, the world’s largest public oil company, is suing shareholder activists who pretend to represent the interests of investors while pushing oil companies away from their core businesses. On this edition of Meeting of Minds, we talk with financial advisor David Bahnsen, who last year addressed the CEO, board of directors, and shareholders of both JPMorgan Chase and Exxon, urging them to restore the trust of conservatives and focus on and defend their company’s business interests.

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