Oil, gas and mining

Rick Rule: The Moral Crisis of ESG Imposition on Mining Companies



Tom welcomes back the legendary investor Rick Rule to discuss ESG and the mining industry.

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Rick Rule argues that ESG (Environmental, Social & Governance) should be understood in an entirely different way than proposed by politicians – as technology has made it possible to lift up the lower third of mankind materially speaking. The billionaires flying into Davos shouldn’t have the right to tell others what not to do; free-market forces are better solutions for these problems, rather than imposing regulations or central planning on individuals as suggested by “big thinkers” like Justin Trudeau. Rule suggests Canada’s refusal to sell natural gas as hypocritical in a world becoming more reliant on energy sources like coal.

As societies become more wealthy, the willingness to pay for improvements like the environment and habitat improvements increases. He notes that without the use of modern fertilizers, we would need twice the arable land to merely survive. For much of humanity, food would become scarcer and or unaffordable. India is doing a lot of research into growing more food in a smaller area, and they are now a net food exporter. We should use every available technology to steward the land and the well-being of humanity.

Solutions already exist and do not need to be imposed by central planners. The success of Central Planners is highly questionable. Socialists have accomplished some amazing, albeit negative things.

Talking Points From This Episode
– Environmental concerns should be addressed through technology, free-market forces & individual solutions rather than regulations or top-down approaches proposed by “big thinkers”.
– Canada’s refusal to sell natural gas, hypocritical in a world becoming more reliant on energy sources like coal.
– Food production can be improved through technology, research, and modern fertilizers.

Time Stamp References:
0:00 – Introduction
1:30 – Rick’s ‘E’SG Position
14:08 – Social-Ist in ESG
17:44 – Governance & Hubris
20:42 – Alternative Energy
24:54 – Governance & Diversity
30:11 – Discussing ESG
30:52 – Efficient Systems?
34:07 – Opposing Ideas & Energy
37:15 – Big Thinkers & Cabals
44:00 – SEC & ESG Guidelines
47:05 – Free Markets & Coercion
48:00 – Biases & Understanding
49:38 – Rule Symposium & Wrap Up

Guest Links:
Twitter: https://twitter.com/realrickrule
Website: https://ruleinvestmentmedia.com
July Conference: https://opptravel.zohobackstage.com/TheRuleSymposiumonNaturalResourceInvesting2023#/?affl=PalasaidesRadio
Bootcamp: https://www.rulesymposium.com/bootcamp

Rick Rule has dedicated his entire adult life to many aspects of natural resources securities investing. Besides the knowledge and experience gained in a long and focused career, he has a global network of contacts in the natural resources and finance sectors.

Mr. Rule is a frequent speaker at industry conferences and is regularly interviewed for radio, television, print, and online media outlets concerning natural resources investment and industry topics. Prominent natural resources-oriented newsletters and advisories frequently quote him. Mr. Rule and his team have expertise in many resource sectors, including agriculture, alternative energy, forestry, oil and gas, mining, and water.

Mr. Rule is particularly active in private placement markets, having originated in hundreds of debt and equity transactions with private, pre-public, and public companies.

#RickRule #ESG #WEF #Technology #Economics #Food #Commodities #Carbon #Energy #Skills #Humanity #FreeMarkets #Capitalism #Socialism

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36 Comments

  2. John Bethea

    Oh, I thought that ESG stood for Environmental Socialist Governoring. But, this One World Order agenda will not stop other countries from mining how ever they need to..

  12. Bob Z

    The administration that blew up the Russian-European pipeline, spewing unimaginable amounts of gases into the atmosphere cares about the environment?! Come on, man! The country that wants a clean environment makes no difference compared to China and India. All common sense has been suspended. Lordy. God forbid, publicly denouncing the Climate Religion.

  13. James

    What Rick misses with the "inciusion of women in the workforce" is that women who chose to stay at home, raise their kids and care for their house and husband were working. What's happened is household income adjusted for real rates of inflation (not CPI) have forced women into working outside the home just for a family to be able to pay their bills. Furthermore the continually higher rates of divorce have forced more women to work while placing their kids in daycares and having others raise their children. Also has led to higher reliance in the state not only financially but to raise their kids.

  17. Moris Less

    Free market forces are sometimes, but the always, the answer. Witness the loss of biodiversity in the world, climate change, etc. yes, technology and the free market can solve some of this – but as per these two examples – it often comes too late to fix what we have caused. We often can't get those species back, and it is too late to stop the future losses – it is too late to stop global warming for decades – and will incur the associated issues, despite letting free market forces try to solve the problems. Bottom line is that while we have to forge ahead with new technologies, we have to use less, expect less, and while bringing the standard of living up in the third world – we have to all use less, share more.

  18. Harsh but fair

    I was surprised that Rick seems to think co2 is causing environmental problems, and it's a good thing to sequester it.
    Also, that the Earth is "crowded" with people.

    That written, I would like to see more of him on this show.

  29. Lars H

    Mr Rule and Tom believe in efficient market solutions, the Big Thinkers have differnt solutions and methods in mind. Like corruption, nepotism, de-population, fascism, social control etc and the Big Thinkers are the ones ruling the Western world.

  33. Truth Monster

    Without wide open borders the "old White Guys" didn't have to suffer because they built a remarkable comfortable standard of living, OF COURSE desperate immigrants outperform. furthermore while he's singing woke kumbaya he fails to say women were FORCED to abandon their children and go to work. twice as many people working but we are not twice as rich in fact we can afford less. another loser boomer self flagulating and throwing his progeny under the bus. gross.

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