Environment. Social. Governance: Why ESG investing is the new political boogeyman hated by Conservatives
After sweeping through battles in statehouses across the country, the war against ESG investing is heating up in Congress. The Senate voted on March 1 to overturn a Labor Department rule allowing retirement plans to consider environmental, social and governance factors when making investment decisions, following a similar vote by House Republicans on previous day. It set the stage for a potential first veto by President Joe Biden. Critics say ESG investments allocate money based on political agendas, such as a drive against climate change, rather than on earning the best returns for savers. They say ESG is just...
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