W. David Prescott is a seasoned geologist and environmental consultant with over 30 years of experience. He has led numerous projects across the U.S., balancing environmental responsibility with economic growth, and is recognized for his work in groundwater protection and contaminated site remediation. Prescott advocates for market-driven solutions to sustainability, combining his expertise with leadership roles on community and state boards to influence policies promoting both ecological health and economic prosperity.

Michael Ashley is a former Disney screenwriter and the author of over fifty books. He is a sought-after keynote speaker and official speaker for Vistage, an executive coaching company. His work has appeared in various media outlets, and he also teaches screenwriting and writes a weekly Substack column, The Great Wakeup.

In this episode, Doug is joined by David Prescott and Michael Ashley to discuss:

• The real implications of ESG mandates on businesses and society
• The role of ESG in reshaping capitalism and its effect on meritocracy
• How ESG compares to the Chinese social credit system
• The environmental, social, and governance criteria and their conflicts
• The economic and national security risks posed by current ESG practices

Key Takeaways:

• ESG mandates are not just about ethical business; they are a selective use of ethics that impacts free enterprise and capitalism at its core.
• The environmental focus of ESG heavily influences agriculture and energy industries, leading to potential supply shortages and inflation.
• While ESG aims to address climate change, its global inconsistency undermines its efficacy and fairness.
• Free enterprise and innovation could be better drivers of sustainability than external ESG pressures.
• The book "Creative Destruction" provides an engaging way to understand these issues through a mix of fiction and exhaustive research.

"If we take hydrocarbons out of agriculture, we could see a 60 to 80% decline in grain crops in the United States." — David Prescott

Connect with David Prescott and Michael Ashley:

Website: https://creativedestruction.gr-site.com/ 

LinkedIn for David: https://www.linkedin.com/in/w-david-prescott-p-g-b1600714/ 

LinkedIn for Michael: https://www.linkedin.com/in/michaelashleywriter/ 

Amazon link for the book: https://a.co/d/0nXXz7B

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