ESG & Investing
Republicans Ramp Up Anti-ESG Campaign for 2023
But while rising GOP leaders tout efforts to derail sustainable investing, pushback from pension officials and banking associations is growing.
Former Vice President Mike Pence
Photographer: Scott Eisen/Getty Images North AmericaThis article is for subscribers only.
The investing strategy known as ESG is under attack, and virtually no one expects the backlash to die down.
More than a dozen Republican state attorneys general have blasted ESG financial practices, while Republicans in Congress plan to increase their scrutiny of what they call “woke capitalism.” One of their main complaints is that environmental, social and governance investing is part of a broader Democratic effort to prioritize climate change and other societal issues to the detriment of the fossil-fuel industry.