. Republicans and interest groups are increasingly pushing to raise the issue on the campaign trail and lump ESG principles in with broader opposition to “wokeness.”
One such group closely tied to the Republican pushback is conservative nonprofit Consumers’ Research, which has poured millions of dollars into splashy ad buys and advocacy efforts against ESG. Its executive director, Will Hild, praised the move by Oklahoma on Wednesday. “Every day, more Americans are becoming aware of the ESG scam, and our most resolute elected officials are standing for American values and fiduciary duty and refuse to cave to the radical leftist agenda,” he said.
Proponents see the integration of ESG principles as a way that finance and business can cause social change — for example, by mitigating climate change. But opponents, like Republicans and state officials in states resilient on their oil and gas industries, see the push as an attempt to distort the free market and even the culture of the country through capital and influence.
banks with more than $100 billion in total consolidated assets to provide fair access to banking services, capital, and credit to industries. The goal is to prevent banks from choking off financial services to politically divisive companies such as gun manufacturers and oil and gas companies.issued the first veto of his presidencyCongress had passed a resolution to cancel a Biden-era Labor Department rule that allows retirement plan managers to weigh ESG factors when making investments.
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