House Republicans move to silence Wall Street in climate fight
House Republicans move to silence Wall Street in climate fight
While framing criticism of ESG as holding Wall Street to account, House Republicans appear to be picking spots where they’ll minimize friction with the financial services industry.
This from the party of “muh free-markets!1!”.
Republicans: the party protecting corporations from market forces
The fraying relationship between big business and GOP politicians is about to get more strained.
Republicans who lead the House Financial Services Committee plan to spend the next few weeks holding hearings and voting on bills designed to send a clear signal: Corporations, in particular big investment managers, should think twice about integrating climate and social goals into their business plans. Committee conservatives will target the process in which advocates pressure public companies to adopt environmental, social and governance (ESG) goals using the shareholder voting process.
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