Republicans Are Primed to Take on ‘Woke Capitalism’ in 2023, with Climate Disclosure Rules for Corporations in Their Sights

1 year ago 93

Conservative politicians argue that environmental, social and governance principles—known as "ESG"—are diverting asset managers from their duties to investors, and may even amount to illegal collusion.

It has only been a decade since climate activists launched campaigns to get financial institutions and money managers to see that dollars pumped into the fossil fuel industry were a risk to both the planet and investor portfolios.

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