Posted on 11/02/2020 5:42:22 AM PST by Oldeconomybuyer
Progressive groups and investors hope Democratic presidential nominee Joe Biden can win on Tuesday and quickly end Trump administration rules that stifle their ability to pick stocks using environmental, social or governance factors, setting up a renewed fight with corporate groups that backed the changes.
More than a dozen lobbyists, investors and policy experts said a Biden win could boost U.S. growth of environmental, social and governance (ESG) investing which lags far behind Europe.
Democrats favor so-called ESG investing strategies as a way to pressure companies to address climate change, wealth inequality and racial justice problems. If Biden takes the White House, investors expect him to prioritize aggressive reforms.
“The Trump administration and his regulators have been ideologically anti-ESG and climate from the start,” said Dennis Kelleher, president of progressive think tank Better Markets.
“This will change significantly if Biden wins. His administration will prioritize addressing climate change and will also boost ESG disclosure and promotion.”
Mindy Lubber, chief executive of sustainability advocacy group Ceres, said her group has spoken with the Biden campaign about introducing such disclosures, as well as regulations requiring banks to stress-test their balance sheets for climate-related risks. She added that she expected corporate groups would fight any effort to rescind the SEC and Labor Department changes.
(Excerpt) Read more at reuters.com ...
Sure they do, the criminal empire
WTH is “sustainable investing”?!
Probably means that the US GVT subsidize trading. Back to the USA being a patsy again.
Marxism.
Let's not forget all of our tax dollars being dumped into these unsustainable business models. I guess that is what they call promotion these days. It's great if you know if a company will get a billion or so dollars from government and you ride the stock up and dump before they fail.
Why is it that these so-called great companies can't make it on their own in a free market? That's a rhetorical question.
By “friendlier” (for them) rules, of course they mean Government mandates - to force people do things, that they would never do freely.
Ponzi schemes backed by your tax dollars.
Investing in products or ideas that don't work in the real world or Free Market.
She looks like she’s out of her mind.
I listened to a conference call recently in which the senior management for a dry bulk shipping company explained why they were selling their entire fleet of ships and taking the proceeds to develop and build wind turbine vessels. They specifically discussed a massive tranche of EU funding for green energy and identified the United States as the likely location of wind turbine ship building activity.
God bless them for wanting to build in the United States, but I couldn’t help thinking it was a delusional plan.
What does Rooters mean by “hope” Democratic presidential nominee Joe Biden can win?
They’re been assuring us for months that Biden has this.
What do the UNSUSTAINABLE investors feel about Biden?
The people that wanna destroy the planet, don’t they get a voice too?
The definition of “sustainable” is, “makes no economic sense and must be mandated by law.”
Commies gotta commie.
Well said. Yes, we need more tax payer funded green energy projects that MASSIVELY take in taxes, give to liberal cronies, then provide valuable tax write offs later when they go bankrupt...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.