President Biden plans to use his first veto to protect the Labor Department's use of ESG. What is ESG investing, and should it be allowed? See perspectives and analysis across the spectrum from opinion, thehill, WashTimes:
in voting to overturn the Labor Departments’ rule allowing ESG. The Washington Times Editorial Board argued an ESG-based approach leads investors to “make investment decisions based on what makes them feel good rather than what will earn the most money in the long run.”.
An opinion piece in Bloomberg questioned Republican actions against ESG investing, determining that “if socialism means state control of production, distribution and exchange of goods and services, then Florida and Texas fit the description.” The writer contrasts this with California’s pro-ESG stances, stating it has “allowed it to borrow more cheaply than Florida and Texas even though it has lower credit ratings.
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