Anti ‘woke’ ESG policies are already costing taxpayers millions
Republican politicians are coming down hard on ESG investing, even though their constituents are the ones who pay the price.
In May, Mike Pence wrote a scathing op-ed against the Environmental, Social, and Governance (ESG) movement in the Wall Street Journal. He railed against asset managers prioritizing investments in socially and environmentally responsible companies, saying the practice interferes with the free market and actively hurts fossil fuel companies. “ESG empowers an unelected cabal of bureaucrats, regulators, and activist investors to rate companies based on their adherence to left-wing values,” he wrote. The piece was a pivotal moment in a brewing political retaliation against ESG.
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