GOP vs. ESG: Why Florida Gov. Ron DeSantis, Republicans are fighting 'woke' ESG investing
Why do Republicans have a problem with ESG?
The acronym for environmental, social, governance principles isn’t widely known outside investment circles but is fast becoming a popular GOP talking point in the run-up to the 2024 presidential election.
The GOP says the nation's top money managers are pursuing an ideological agenda at the expense of financial returns in violation of their fiduciary duty.
In an effort to stop public pension funds from using ESG as a consideration when making investment decisions, red states from Texas to West Virginia have pulled billions from BlackRock and other money managers despite concerns that doing so may hurt financially.
https://finance.yahoo.com/news/gop-vs-esg-why-florida-080508043.html
If you want to cut off your nose to spite your face go right ahead.
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