Posted on 02/22/2023 8:16:28 AM PST by Twotone
Republican lawmakers who railed against “woke capitalism” in the 2022 midterm elections have taken tens of thousands of dollars in campaign donations from some of the same Wall Street money managers they have attacked for pushing what the GOP calls “far-left” positions on environmental, social and corporate governance issues.
Conservative activists have been pressuring Republicans to wield their new power in the House to block corporations and executives that use their influence to promote ESG plans such as clean energy investments or corporate policies that support abortion rights or LGBTQ rights, among other issues.
Matt Schlapp, chairman of the influential Conservative Political Action Conference, called on Republican lawmakers in a September letter to agree not to meet with “corporate woke elitist(s)” once they regained control of Congress. Schlapp didn’t return a request for comment.
And the GOP has been happy to oblige.
Since taking control of the U.S. House, top Republicans have refused meetings with the U.S. Chamber of Commerce and created a working group to “combat the threat to our capital markets posed by those on the far-left pushing environmental, social, and governance (ESG) proposals.” Formed under the House Financial Services Committee, the panel promises to rein in the Securities and Exchange Commission and “hold to account market participants who misuse the proxy process or their outsized influence to impose ideological preferences in ways that circumvent democratic lawmaking.”
“Progressives are trying to do with American businesses what they already did to our public education system — using our institutions to force their far-left ideology on the American people. Their latest tool in these efforts is environmental, social, and governance proposals,” House Financial Services Chairman Patrick McHenry, R-N.C., said in a Feb. 3 statement announcing the group.
(Excerpt) Read more at cnbc.com ...
ESG the inflation creator ,LOL
And Blackrock knows and smiles. Their politician can make noise, as long as he votes right.
Translation: GOP isn’t kowtowing to their big donors and CNBC says it’s a bad thing.
“If you can’t eat their food, drink their booze, screw their women and then vote against them, you have no business being up here.”
So who are the lawmakers? Whatever...
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