Exclusive — Republican Study Committee Unveils Legislative Agenda to Combat Leftist ESG Investing

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…The Republican Study Committee (RSC) detailed how Environmental, Social, and Government (ESG) policies amount to a “war on American energy” and highlighted many of the Republican solutions to combat ESG leftist activism under a Republican majority, Breitbart News has learned exclusively.

ESG investing has become the latest vector through which the left and highly influential Wall Street firms and corporations continue to to take social and political positions that do not primarily relate to their business.

Wall Street firms like to sell ESG, or as the RSC puts it, “socially responsible funds” to invest on criteria such as greenhouse gas emissions or a CEO’s compensation. The RSC noted that ESG funds often charge higher fees and underperform when compared to other low-fee funds.

ESG funds advance leftist goals such as climate change, and diversity, equity, and inclusion.

House Republican Study Committee Chairman Jim Banks (R-IN) told Breitbart News in an exclusive statement that Republicans plan on combatting ESG after 2022, presumably when they take back the House majority. Banks explained:

A small handful of leftist bureaucrats and board members are behind ESG. Americans never voted for it, but ESG is still making the entire country poorer, more reliant on foreign oil, and less free. ESG is a cornerstone of Democrats’ Green New Deal agenda and one of the most serious long-term threats to energy independence and Americans’ pocketbooks. The Republican Study Committee will push to make combatting ESG a priority after 2022.

The RSC has detailed other policy solutions to combat the many crises unfolding under President Joe Biden’s watch. ..









Read more news: https://www.breitbart.com/politics/2022/07/27/exclusive-republican-study-committee-unveils-legislative-agenda-to-combat-leftist-esg-investing/







This is a timely effort by the GOP as reported here by their congressional news correspondent. It is good that the role of ESG in our economy is being exposed and confronted. This GOP policy objective with a majority will be great for free market capitalism.

 

The House GOP has an all encompassing agenda to enact with a majority on a broad array of issues across the board.

 

We must stop the big investment companies and etf operators from collaborating with democrats to choke off investment in traditional energy and manufacturing companies.

 

ESG is a major threat to the American economy and democracy. Inexplicably, some of the largest financial firms on the globe are supportive.

 

Not only are they supportive, sone like black Rock are outright coercive in the effort staying out of traditional energy companies for the most part and using the shares they have to put woke people on their boards. They did this to Exxon Mobil recently

 

Black Rock is who exactly I had in mind. As far as I know, Black Rock is the largest financial house on earth. And you are correct (I was being more congenial) that Black Rock is not just supportive but they are an avid pusher and enabler. 100% inexplicable.

 

I got rid of every black rock ETF in my portfolio for a loose equivalent anywhere else.