.SenTomCotton: 'ESG exposes investors not only to legal dangers, but also to significant financial losses.' Sponsored ConsumersFirst
This agenda, known as Environmental, Social, and Governance investing, hurts shareholders, undermines workers, and sabotages American energy independence. It’s also illegal.
The key to their illegal behavior can be found in the “E” in ESG, which requires firms to shun investment in fossil fuel ventures. ESG-compliant financial firms control over $60 trillion and, while nominally competing, they conspire to constrict the flow of investment into a particular sector of the economy. In so doing, these firms are suppressing competition between one another and restraining the commerce and trade of oil, gas, and coal companies.
Thankfully, Republican state attorneys general have stepped up where Biden stands down. Many have begun investigating ESG companies for antitrust violations and informing the public of the dangers of ESG. Former Arizona Attorney General Mark Brnovich went so far as to say that Climate Action 100+ may be “the biggest antitrust violation in history.
Republican states have rightly begun divesting retirement and pension funds from ESG-compliant firms like BlackRock, costing those firms billions of dollars. Inescapably, this divestment will lead to further losses for shareholders in ESG companies. States cannot risk trusting taxpayer dollars to companies exposed to antitrust lawsuits, nor can they allow state-backed retirement and pension funds to be used for woke nonsense that risks the continued health of those funds.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Melanie Hall: A brief history of ESG and why Utah lawmakers should support it.Melanie Hall: 'Anti-ESG (environmental, social and corporate governance) policies do nothing more than force institutions to make high-risk investments, regardless of whether or not it’s in their financial interest or the interest of the people of Utah.'
Read more »
House to Vote on Resolution to Scrap Biden ESG RuleThe House will take up legislation this week that would scrap President Joe Biden's environmental, social, and governance (ESG) rule.
Read more »
US House Republicans target ESG investments in latest culture war salvoThe Republican-controlled U.S. House is expected to vote on Tuesday on a bill to block President Joe Biden's administration from allowing retirement plans to consider environmental, social and corporate governance, or ESG, issues in their investment decisions.
Read more »
DeSantis warns ESG movement driven by 'woke' corporate CEO bullies in new bookFlorida Gov. Ron DeSantis issued a stark warning in his new book concerning the ESG movement, arguing that it is a way for the left to achieve certain goals through corporate power.
Read more »
ESG Investments Are Suddenly Appealing To Some Red State LeadersIt seemed for the longest time that ESG investments were becoming fragile due to questionable profitability. The IRA has changed that.
Read more »
Special Section: ESG Investments: Prudent or Perilously Political?Read Today’s Special Section on ESG Investment sponsored by ConsumersFirst with articles from: SenTomCotton SenTedCruz SenatorLankford SenLummis SenEricSchmitt RepAndyBiggsAZ RepAlexMooney RepJasonSmith GovRonDeSantis HooverInst Read Now:
Read more »