What is ESG investing and why do some hate it so much?
March 1, 2023
NEW YORK (AP) — After sweeping through battles in statehouses across the country, the war against ESG investing is heating up in Congress.
The Senate voted Wednesday to overturn a Labor Department rule allowing retirement plans to consider environmental, social and governance factors when making investment decisions, following a similar vote by House Republicans on Tuesday. It sets the stage for a potential first veto by President Joe Biden.
Critics say ESG investments allocate money based on political agendas, such as a drive against climate change, rather than on earning the best return...
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