About W. David Prescott: 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.

In this episode, Dan and W. David discuss:

• ESG mandates and their expanding influence on financial markets and corporate behavior
• America’s struggle to maintain energy independence while pursuing environmental goals
• The global race for energy dominance and its link to technological and geopolitical power
• Capitalism’s resilience and innovation as forces shaping future prosperity

Key Takeaways:

• ESG pressures have caused capital markets to dry up for oil and gas operators, leaving even profitable and well-managed businesses unable to secure investment, which erodes U.S. energy independence and destabilizes entire regional economies.
• Eliminating natural gas from fertilizer production would devastate agriculture by cutting yields of staple crops like corn and wheat by 60%, driving food prices sky-high, and threatening both national food security and global supply chains.
• When investors and pension funds prioritize ESG mandates over fiduciary responsibility, they risk poor returns and massive financial losses that can derail individual retirements and undermine the stability of billions in pension assets.
• While China and India rapidly expand coal, nuclear, and refining capacity to fuel AI and industrial growth, the U.S. is retreating from dense energy production, a strategic misstep that could result in decades of lost economic power and global influence. 

"There has to be a liaison between the natural environment and industry. We have to have jobs, we have to have energy to have the life that we have, and we want to continue to have, but we can do it responsibly." — W. David Prescott

Connect with W. David Prescott: 

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

Email: [email protected]

Book: Creative Destruction: How ESG Mandates Are Destroying Capitalism, Costing You Money, and Wrecking America: https://www.amazon.com/Creative-Destruction-Mandates-Destroying-Capitalism/dp/B0D64WSNP9

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

Connect with Dan Hollis: 

Website: www.themagicofselling.net

Email: [email protected]

Business Number: 973-862-8331

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