The Controversy Surrounding ESG Investing in Politics and Business.
TL;DR
Utah Attorney General Sean Reyes, one of 25 Republican attorneys general suing the US Department of Labor over a rule that would allow federal retirement plans to consider climate change and other environmental, social and governance (ESG) factors, has told a congressional committee that ESG investing is "distorting our financial system and harming consumers and working-class Americans". Reyes said ESG was an "undemocratic tax on our economy and productivity". Democrats on the committee pushed back, saying ESG investing can be a better long-term investment by factoring in risks associated with industries that contribute to climate change.
Topics:businessfinance#climate-change#democratic-opposition#esg-investing#fiduciary-duty#finance#republican-attorneys-general
- Environmental, social, governance investing an 'undemocratic tax' on economy, Reyes says KSL.com
- Texas Republicans take ESG battle to insurers The Hill
- Republican attorneys general move to block BlackRock's ESG push Fox Business
- ESG and climate change: 'Woke capitalism' or smart business? USA TODAY
- Hearing Wrap Up: ESG Agenda Prioritizes Leftist Ideology Over the Interests of the American People - United States House Committee on Oversight and Accountability House Committee on Oversight and Reform |
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