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.
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.
So they’re explicitly saying that corporations are not allowed to even plan to avoid destroying the planet. Short-term profit must be the goal, even at the ultimate price. Republicans have a death wish for us all.
So they’re explicitly saying that corporations are not allowed to even plan to avoid destroying the planet. Short-term profit must be the goal, even at the ultimate price. Republicans have a death wish for us all.
This is the opposite of what I assumed from the post title. Damn, it thought for a second that they were coming around.