Business backlash pushing GOP to weaken anti-ESG proposals

  • 📰 WOKVNews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Conservative Republicans who want to thwart socially and environmentally conscious investing are now being pushed to water down their proposals by backlash from powerful business groups and fears that state pension systems could see huge losses

of Montana also have moved to ensure their states' funds aren't invested using ESG principles.

Anti-ESG efforts also draw support from companies and industries that feel under attack, such as oil and natural gas producers. During an Indiana House committee hearing last month, lawmakers heard a litany of complaints from businesses, including those in coal mining and firearms production, about difficulties they blame on corporate ESG policies.

Its executive director, Alan Conroy, testified that Kansas lawmakers' current proposals are so broad that the state pension system couldn't hire or retain an investment manager who did “anything in that ESG world." The pension system would have to fire them all, hire new ones and likely settle for lower investment returns, he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 247. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Defeating DC crime bill essential for small-business survival: GOP chairmanEXCLUSIVE: The GOP-led effort to overturn the revised criminal code in DC may be the key to survival of small businesses, according to HouseSmallBiz Chairman RepRWilliams. Williams emphasized how such a code would perpetuate a “lawless environment.” RepRWilliams HouseSmallBiz HouseSmallBiz RepRWilliams Roger looks drunk
Source: dcexaminer - 🏆 6. / 94 Read more »

WeightWatchers jumps into the prescription weight loss drug business | CNN BusinessWeightWatchers is getting into the booming prescription weight loss drug business. Why are they selling yellow jackets 🤐 The jokes write themselves. For those looking to lose weight please start noticing the gimmicks, eat a minimally processed diet, drink half your body weight in ounces of water a day and walk for at least 30minutes a day. Fail proof.
Source: CNN - 🏆 4. / 95 Read more »

Elon Musk thinks he can fix Twitter's advertising business after derailing it | CNN BusinessElon Musk on Tuesday offered an optimistic picture for how Twitter can improve the advertising business he helped derail and boost its bottom line while also admitting that keeping the social network running is proving to be a challenge after multiple rounds of layoffs. Stop giving him some much access to America. As Rasheed used to say, ball don't lie.
Source: CNN - 🏆 4. / 95 Read more »