Posted on 02/03/2024 12:55:57 PM PST by DallasBiff
One of the stranger political crusades of the past few years has been the Republican war on so-called woke capital, which has led GOP politicians across the country to adopt a kind of anti-corporate, pro-regulatory rhetoric that one normally associates with the left wing of the Democratic Party. And among the GOP’s favorite targets in this war has been ESG investing—investment funds that take “environmental, social, and governance” considerations into account.
For Republicans, ESG funds are a Trojan horse, designed to smuggle progressive attitudes toward climate change, and diversity and inclusion, into executive suites and corporate boardrooms, all under the guise of supposedly improving investment returns. And so, in red states, state treasurers have pulled public money out of firms that are associated with ESG, including even some of the world’s biggest investment firms, such as BlackRock and State Street.
(Excerpt) Read more at theatlantic.com ...
And yes I know it is The Atlantic.
The American Conservative Values ETF (ACVF) is based on the conviction that politically active companies negatively impact their shareholder returns, as well as support issues and causes that conflict with conservative political ideals, beliefs and values.
Trump gushed over Disney.
https://www.theatlantic.com/ideas/archive/2024/01/republicans-woke-capital-esg-investment/677294/
But the ESG front in the right’s war on woke capital is still active. Republican legislators in New Hampshire are now trying to raise the stakes. Earlier this month, they proposed a bill that would order any government agency investing state funds to ensure that no public money goes to investors who manage their funds “with any regard whatsoever based on environmental, social, and governance (ESG) criteria.” More striking, the bill would make it a felony to knowingly violate this order. (The wording of the bill does not attempt to define ESG, aside from using this catchphrase language.) In other words, the bill would effectively criminalize any ESG investments on the state’s behalf.
When and how?
The occasional reminder that it remains irredeemable is useful. It keeps the rest of us from wasting time looking for some intellectual content.
Remember that if the left is saying it’s backfiring, it isn’t.
Bernie wan’t wrong about the BiLlonare class, although his saloutionwas worse.
considerations into account.
No, no, James...they demand that those “considerations” are primary and failure to adhere to them results in destroying the “offenders”.
Dissembling leftist ahole...
“Republican legislators in New Hampshire...environmental, social, and governance (ESG) criteria”
I think the legislators are going too far.
In the EU, a big corporation has to pander to EU nutcases.
Sports Illustrated, Dick’s Sporting Goods, and many others, as well.
This sounds like more BS! Without specifics you are a troll. Go away.
Straight up lie
Trump Slams Disney For Going ‘Woke’ As He Blames DeSantis For Failing To Stop It
Trump’s not Conservative. Never has been, never will be.
He’s a populist with most of his platform aligning with conservatives, but not all of it.
To think otherwise means you’re either a troll, unobservant, or a fool.
I’m been saying this exact thing since at least 2017 around here.
Perhaps we should wait for a comment from Bud Light….
So you ok with investors being dictated to by the Feds to have to follow ESG rules but anyone who fights back against it is “going too far”.
Really a strange position to take.
The criteria for investment avoidance should be avoidance of incompetent hires, apparent inability of corporation management to discern fact from fiction and overt racism against any race, including the Caucasian.
Investment in a violating corporation that loses value in a foreseeable fashion should not be made a felony, but merely grounds for dismissal without pension benefits.
“Really a strange position to take.”
I wish I held onto my Apple shares - they would now be worth about $5 million.
“dictated to by the Feds”
There’s that pesky Article I, Section 8 commerce clause in our federal constitution.
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