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Wall Street foes turn free-market heroes amid GOP attacks

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Republican lawmakers warn that the ESG push by firms and financial regulators is hurting investor returns and the fossil fuel industry.

A GOP campaign is pitting Republicans against big money managers and other Wall Street players, including BlackRock and JPMorgan Chase. | Ted Shaffrey/AP PhotoThe GOP’s war on corporate America’s environmental and social agenda is creating an unexpected set of Wall Street allies: Democrats defending free-market capitalism.

The response illustrates how the GOP’s escalating culture war with big business is straining its relationship with Wall Street and creating a new line of attack for Democrats ahead of the 2024 election. Rep. said at a hearing this month that former President Ronald Reagan “would be ashamed” of his party’s new approach.

Rep. Andy Barr sponsored a measure that would have repealed a Biden Labor Department rule that permits retirement investing tied to environmental and social goals. | Francis Chung/POLITICO

 

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हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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