- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Dustin Granger enters Louisiana treasurer race as Democratic candidate
Posted on 3/1/23 at 9:07 am
Posted on 3/1/23 at 9:07 am
quote:
Personal financial adviser Dustin Granger of Lake Charles became the first Democrat to enter the Louisiana treasurer’s race Tuesday, emphasizing state government should shift away from favoring oil and gas investments and diversify its financial portfolio.
“We have been making bad investment decisions for far too long,” Granger said in an interview. “There are so many red flags and no one is doing anything about it.”
Granger, 42, said Louisiana should not select investment firms and banks to handle the state’s business based on the financial institutions’ approach to climate change, gun manufacturers or other social issues. The state needs to consider investing the government’s money in alternative energy, especially if the return-on-investment is better for its residents, he said.
quote:
If elected, Granger said he would immediately lift any prohibitions the current treasurer, Republican John Schroder, has put in place on working with firms that have climate-conscious investment strategies.
Last year, Schroder pulled hundreds of millions of dollars of the state’s investments from BlackRock Inc. over the company’s climate change considerations, which Schroder considered an affront to the oil and gas sector. He also chose to replace one of Louisiana’s outside financial advisers after the adviser suggested that avoiding companies based on their social or environmental policies would end up costing Louisiana more money.
In general, Schroder has been skeptical of financial institutions with environmental, social and governance (ESG) policies, which loosely means they consider environmental and social impacts when investing. Granger doesn’t share that skepticism. He believes the state should work with companies that are mindful of the impact of climate change.
“The world is moving away from greenhouse gas,” Granger said. “We are missing out on the new energy revolution by being protective of fossil fuels.”
quote:
The Democrat said his two decades of experience helping individuals and families manage their personal finances had prepared him to work as state treasurer.
He lost an election for the Louisiana Senate to Sen. Jeremy Stine, R-Lake Charles, in 2021. In the treasurer’s race, he will face Republican state Rep. Scott McKnight, of Baton Rouge. Former Congressman John Fleming, R-Minden, is also considering getting into the race.
Schroder is not running for reelection as treasurer. He has entered the governor’s race.
LINK /
Posted on 3/1/23 at 9:10 am to ragincajun03
quote:
The state needs to consider investing the government’s money in alternative energy, especially if the return-on-investment is better for its residents
Its not.
Posted on 3/1/23 at 9:11 am to ragincajun03
He will get 38% of the vote
Posted on 3/1/23 at 9:56 am to ragincajun03
quote:
Personal financial adviser Dustin Granger of Lake Charles became the first Democrat to enter the Louisiana treasurer’s race Tuesday, emphasizing state government should shift away from favoring oil and gas investments and diversify its financial portfolio.
I just don’t understand how you can be serious about running for governor of Louisiana and then say something as stupid as this. What an idiot lol.
Posted on 3/1/23 at 12:14 pm to sta4ever
He didn't say he was running for Governor.
Posted on 3/1/23 at 12:42 pm to carwashguy
I see that now lol. Still, if you’re serious about being a Louisiana politician, why would you openly come out against the bread and butter for this state? What’s he going to say next, that we need to move away from our Cajun heritage?
Posted on 3/1/23 at 12:50 pm to sta4ever
quote:
Still, if you’re serious about being a Louisiana politician, why would you openly come out against the bread and butter for this state?
The state treasurer should ensure we are doing the best we can with our investments.
If that means investing in companies tied to alternative energy, then we should do that.
If that means NOT investing in companies tied to alternative energy, then we should do that.
That truly should be the only consideration here.
quote:
What’s he going to say next, that we need to move away from our Cajun heritage?
Our state's future in oil and gas is going to be based on many other factors, not this.
Posted on 3/1/23 at 12:57 pm to LSUFanHouston
quote:
The state treasurer should ensure we are doing the best we can with our investments.
If that means investing in companies tied to alternative energy, then we should do that.
If that means NOT investing in companies tied to alternative energy, then we should do that.
That truly should be the only consideration here.
Truth.
Posted on 3/1/23 at 1:19 pm to ragincajun03
quote:
The world is moving away from greenhouse gas,” Granger said.
Uh huh, and when shite gets real and the “green energy” fails, the world is firing up coal plants.
I guess if they keep repeating it, the clapping seals will believe them.
Posted on 3/1/23 at 1:49 pm to ragincajun03
quote:
emphasizing state government should shift away from favoring oil and gas investments and diversify its financial portfolio.
Yes
quote:
The state needs to consider investing the government’s money in alternative energy,
No
Posted on 3/1/23 at 2:16 pm to ragincajun03
Needs to run for office in Vermont
Popular
Back to top
Follow TigerDroppings for LSU Football News