GOP attorneys general threaten legal action to companies who prioritize ESG invesments

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A group of Republican attorneys general sent a letter to more than 50 of the country’s largest asset managers to warn against prioritizing environmental, social, and governance factors when making investment decisions.

The letter cites concerns that companies will begin making politically motivated investment decisions rather than those that are in the best interest of their clients if they choose to prioritize climate factors, also known as ESG. The group of 21 Republican attorneys general warned that doing so would violate current law, threatening possible legal action if companies do not comply.

The warning comes after President Joe Biden vetoed a Republican-led bill seeking to repeal a Department of Labor rule that allows retirement fund managers to consider ESG principles when making investment decisions. Republicans criticized that rule, with many decrying it as “woke capitalism.”

 

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We, as conservatives, moderates, independent (real one's), constitutionalist, libertarians et cetera need to start distinguishing between environmental and Climate/Green Deal Hoax.

In the U.S. roughly 75M individuals can't afford to settle an emergency of just $500... let that sink in.

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